Determine the value of c if you earn interest compounded

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Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of six years. He wants to withdraw C at the end of each year for the first six years and (C + $1,000) each year for the next six years. Determine the value of C if you earn 10% interest compoundede annually. a) $7,711 b) $5,794 c) $6,934 d) $6,522

Reference no: EM13146745

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