You are going to put $X into an account each year for 5 years , beginning in

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Question:

You are going to put $X into an account each year for

5

years

,

beginning in Year

1 .

Then

,

from Years

9

through

12,

you will withdraw $

2, 000

per year. If the account has an annual interest rate of

11 %,

what is X

?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 16, 2024 05:28 AM

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You are going to put $X into an account each year for 5 years , beginning in

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To solve for X we need to calculate the future value of the depo... View the full answer

Microeconomics An Intuitive Approach with Calculus

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