Solve for the unkown equal amount each year in years 3-6 if


You would like to have $56,000 in 7 Years time. To raise this amount, you plan to invest $10,000 now, $6,000 in year 1 and an equal amount in years 3-6. Solve for the unkown equal amount each year in years 3-6 if the interest rate is 8% per year.

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Finance Basics: Solve for the unkown equal amount each year in years 3-6 if
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