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How much could draw out each year for twenty years

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Reference no: EM132519642

Question 1: You can deposit dollar 4000 per year in to an account that pays 12 percent interest. If you deposit such amount for 15 yrs and start drawing money out of the account in equal annual installment,how much could you draw out each year for 20 yrs?

Reference no: EM132519642

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