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Suppose you want to withdraw $2,500 from your savings account in 3 years and then make a final withdrawal of $7,500 from your savings account in 6 years. Your savings account pays an annualinterest rate of 1% on all deposited funds. How much do you have to deposit today to make these withdrawals?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262113

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