Two equal deposits made 20 and 21 years ago, respectively, will allow a retiree to withdraw $10,000
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Two equal deposits made 20 and 21 years ago, respectively, will allow a retiree to withdraw $10,000 now and $10,000 per year for 14 more years. If the account earned interest at 10% per year, how large was each deposit?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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