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Assume you have 10000 in the bank now and you will deposit

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Assume you have $10,000 in the bank now and you will deposit and additional $5,000 a year for the next 20 years (as a regular annuity). You will then withdraw the money as a regular annuity over the next ten years. If the interest rate is 10% for the entire period what are the amounts of the annuity withdrawals?

Reference no: EM13617766

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