What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11, and subsequent withdrawals will increase by...



What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11, and subsequent withdrawals will increase by $200 over the previous year’s, if the interest rate is 8% compounded annually?




Answer: $ Blank 1




Note: Do not round in between solution. Final answer round to the nearest whole number



Jun 03, 2022
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