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Business, 10.04.2020 04:59 kcarstensen59070

Stacey and her husband David have a joint savings account that earns 3.5% interest payable continuously and has a current balance of $58,458. Each year, David wishes to withdraw $4,000 payable continuously at a level rate. Stacey wishes to deposit X at the beginning of each year (for thirty years) so that the account will last for thirty years. What is the least X that will work?

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