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You deposit $18809.0 at the end of each year, increasing the amount by $3018.0 each subsequent year, into an account paying 6.0% compounded annually for 13.0 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 14.0 years if you make your first withdrawal at the end of year 27.0?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91961822

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