How much do you have to deposit today so that you can withdraw $50,000 a year...
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How much do you have to deposit today so that you can withdraw $50,000 a year at the end of years 5 through 9, and $25,000 at the end of year 10? Assume that you can earn an annual rate of 8 percent. a) $170,983 b) $146,591 c) $146,737 d) $158,318 e) $159,243 How much do you have to deposit today so that you can withdraw $50,000 a year at the end of years 5 through 9, and $25,000 at the end of year 10? Assume that you can earn an annual rate of 8 percent. a) $170,983 b) $146,591 c) $146,737 d) $158,318 e) $159,243
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