Question: Henry Cisco is planning to make two deposits: $ 2 5 , 0 0 0 now and $ 3 0 , 0 0 0 at

Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of year 6. He
wants to withdraw C at the end of each year for the first six years and each year for the next six
years. Determine the value of C if the deposits earn 10% interest compounded annually.
At what rate of interest compounded annually will an investment double in five years?
Henry Cisco is planning to make two deposits: $25,000 now and

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