Suppose you have deposited $ 1 0 , 0 0 0 in your high - yield saving

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Question:

Suppose you have deposited $

10, 000

in your high

-

yield saving account today. The savings account pays an annual interest rate of

4 %,

compounded semi

-

annually. Two years from today you will withdraw

dollars. You will continue to make additional withdraws of

dollars every

6

months, until you have a zero balance after your last withdrawal

5

years from now. Find X

.

Posted Date: May 18, 2024 03:06 PM

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Suppose you have deposited $ 1 0 , 0 0 0 in your high - yield saving

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