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How much do you have to deposit today

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Question - How much do you have to deposit today so that beginning 11 years from now you can withdraw ?$11,000 a year for the next 8 years? (periods 11 through 18?) plus an additional amount of ?$22,000 in the last year? (period 18?)? Assume an interest rate of 8 percent.

Reference no: EM133130721

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