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Mathematics, 30.10.2021 21:30 kaliyab191

At the end of each of the following five years, Eason is going to withdraw $30,000 from an investment account that pays interest at a rate of 8% compounded annually. How much must there be in the investment account today in order for his account to reduce to a balance of zero after the last withdrawal? Show all your calculations.

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At the end of each of the following five years, Eason is going to withdraw $30,000 from an investmen...

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