Business, 26.07.2020 01:01 sadcoasta

An account is today credited with its annual interest thereby bringing the accountbalance to $12,490. The interest rate is 5.70% compounded annually. You plan tomake annual withdrawals of $1,450 each. The first withdrawal is in exactly one yearand the last in exactly 9 years. Find the account balance immediately after the lastwithdrawal.

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An account is today credited with its annual interest thereby bringing the accountbalance to $12,490...