Question: I would like to be able to withdraw $5,000 at the end of five years, and another $5,000 at the end of seven years, leaving

I would like to be able to withdraw $5,000 at the end of five years, and another $5,000 at the end of seven years, leaving a zero balance in the account after the last withdrawal. If I can earn 5% on my balances, how much must I deposit today to satisfy my withdrawals needs?

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