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How much should be deposited now at 8 compounded semi

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Reference no: EM13569380

How much should be deposited now at 8% compounded semi annually to make a possible equal withdrawl of $5,000 at the end of each year for 5 years, the first withdrawal to be made 10 years from now? Interest during the withdrawal period is to be 7 percent compunded annually.

Reference no: EM13569380

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