Siri plans to retire in 5 years with 425000 dollars in her, Ask an Expert

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Siri plans to retire in 5 years with 425,000 dollars in her account, which has an annual return of 10.21 percent. If she receives annual payments of X, with her first payment of X received in 5 years and her last payment of X received in 11 years, then what is X, the amount of each payment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92663307

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