If you desire to withdraw the given amounts over the next five years from a savings account

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If you desire to withdraw the given amounts over the next five years from a savings account that earns 5% interest compounded annually, how much do you need to deposit now?

N Amount

2.............$3,000

3.............$3,500

4.............$42,00

5.............$6,500

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Oct 12, 2018 01:54 PM

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If you desire to withdraw the given amounts over the next five years from a savings account

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Fundamentals of Engineering Economics

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