Makes equal withdrawals, Janie deposits $10,000 in the bank

Makes equal withdrawals

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Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $1,00 for 5 years and then withdraws the remaining amount 10 years from now. How much will she be able to withdraw 10 years from now, assuming the bank pays 6% compounded annually?

Reference no: EM13869099

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Makes equal withdrawals : Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $1,00 for 5 years and then withdraws the remaining amount 10 years from now. How much will she be able to withdraw 10 years from now, assuming the ban..

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