The plan was to leave $5,000 on deposit in a savings account for 15 years at 6.5%

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The plan was to leave $5,000 on deposit in a savings account for 15 years at 6.5% interest compounded annually. It became necessary to withdraw $1,500 at the end of the 5th year. How much will be on deposit at the end of the 15-year period?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Feb 07, 2020 12:39 AM

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The plan was to leave $5,000 on deposit in a savings account for 15 years at 6.5%

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Given P15000 P21500 r65 T115 ... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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