Suppose you put 100 into a savings account today the


Suppose you put $100 into a savings account today, the account pays 8% compounded semiannually, and you withdraw $50 one year after your initial deposit. What would your ending balance be 20 years after the initial $100 deposit was made, assuming that you make no additional deposits?

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Financial Management: Suppose you put 100 into a savings account today the
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