If you desire to withdraw the amounts given in Table P3.19 over the next five years from
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If you desire to withdraw the amounts given in Table P3.19 over the next five years from a savings account that earns 7% interest compounded annually. how much do you need to deposit now?
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TABLE P3.19 N 2 3 4 5 Amount $15,000 23,000 36,000 48,000
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