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Calculate the total amount in the last withdraw

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Problem 1: You currently hold a term deposit account of $15,000 earning 6%p.a compounding quarterly. You plan to withdraw some money for your personal spending so that $5,000 will be withdrawn at the end of the next two years, $7,000 to withdraw at the end of year 4 and the remaining will be withdrawing at the end of year 6. Calculate the total amount in the last withdraw from your term deposit account?

Reference no: EM132965428

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