How much money can be withdrawn at the end of 15 years if a. $ 2 $

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How much money can be withdrawn at the end of 15 years if

a. $2,000 is deposited at the end of each year and earns 5 percent/year compounded annually?

b. $3,000 is deposited at the end of each year for 10 years and no deposits are made thereafter, where the fund earns 8 percent?

c. $2,000 is deposited at the end of years 1 through 5, $4,000 is deposited at the end of years 6 through 10, and

$6,000 is deposited at the end of years 11 through 15, with all deposits earning 8 percent?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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