How much interest is included in the? withdrawals

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Withdrawals increasing at a constant rate of 5.7?% are made quarterly for seven years from an account earning 3.5?% compounded quarterly.

Problem ?(a) What must be the balance in the account to permit the withdrawals if the first withdrawal is ?$1000??

Problem ?(b) What is the size of the last? withdrawal?

Problem ?(c) What is the total amount? withdrawn?

Problem ?(d) How much interest is included in the? withdrawals?

Reference no: EM132953226

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