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Find n if effective rate of discount equal to five percent

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Problem 1: You invest $3500 today and plan to invest another $4000 three years from today. You plan to withdraw $7500 in n years and another $7500 in n + 4 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n

Reference no: EM132635781

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