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Economics

Suppose $10,000 is deposited into an account that earns 10% per year for 5 years. At that point in time, uniform end-of-year withdrawals are made such that the account is emptied after the 15th withdrawal. The size of these annual withdrawals is closest to what value?

$3410

$2118

$16105

$2621

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725551

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