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How much do you have to deposit each year make sure
Course:- Business Economics
Reference No.:- EM13149073





Assignment Help >> Business Economics

To provide an education for someone. They open an account in which equal payments are made from the first payment Jan 1995 to Jan 2012. The cost of the tuiton for 4 years is 8,000 dollars. Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?




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