Deposit at the start of his studies to be able to withdraw

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Reference no: EM13908820

Pete Morton is planning to go to graduate school in a program of study that will take 2 years. Pete wants to have $19000available each year for various school and living expenses. If he earns 7 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $19000 a year for 2 years?

Reference no: EM13908820

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Deposit at the start of his studies to be able to withdraw : Pete Morton is planning to go to graduate school in a program of study that will take 2 years. Pete wants to have $19000available each year for various school and living expenses. If he earns 7 percent on his money, how much must be deposit at the st..

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