Two equal deposits made 20 and 21 years ago respectively


Two equal deposits made 20 and 21 years ago, respectively, willallow a retiree to withdraw $10,000 now and $10,000 per year for 14more years. If the account earned interest at 10% per year,how large was each deposit?

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Econometrics: Two equal deposits made 20 and 21 years ago respectively
Reference No:- TGS0585139

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