How much must be deposited at the start of his studies, Financial Accounting

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How much must be deposited at the start of his studies

Problem

Benjamin is planning to go to graduate school in a program that will take three years benjamin wants to have 10000 available each year for his school and living expenses if he earns 6% on his investments approximately how much must be deposited at the start of his studies for him to withdraw 10000 a year for three years.

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Financial Accounting: How much must be deposited at the start of his studies

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