Calculate the amount of each of the equal annual deposits

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Reference no: EM13182145

Melinda would like for her descendants to be able to withdraw 40000 every year forever starting in 30 years. She has found an investment that will provide her a guaranteed 10% return forever. To fund the withdraws she will make ten equal annual deposits starting today. Use the Annual Cash FLor Analysis method, calculate the amount of each of the equal annual deposits she will make.

Reference no: EM13182145

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