Determine the two equal deposits the first deposit required

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Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. The interest is 4% yearly, but compounded monthly.

Reference no: EM13379242

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