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You deposit $13346 at the end of each year, increasing the amount by $2539 each subsequent year, into an account paying 9% compounded annually for 14 years. You then stop making deposits and leave the money in the account to accrue interest. How much could you withdraw each year (assuming equal withdrawal amounts) for 15 years if you make your first withdrawal at the end of year 27?

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Financial Management, Finance

Category:- Financial Management
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