How much will she be able to withdraw 10 years from now


Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $1,000 for 5 years and then withdraws the remaining amount 10 years from now. How much will she be able to withdraw 10 years from now, assuming the bank pays 6 percent compounded annually?

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Financial Management: How much will she be able to withdraw 10 years from now
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