Withdrawals increasing at a constant rate of 3 . 1 % are made semi - annually for
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Question:
Withdrawals increasing at a constant rate of are made semiannually for seven years from an account earning compounded semiannually.a What must be the balance in the account to permit the withdrawals if the first withdrawal is $b What is the size of the last withdrawal?c What is the total amount withdrawn?d How much interest is included in the withdrawals?
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