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How much money will be left in account after fifteen years

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Problem (i) Suppose you plan to invest $20 000 in an account paying 8% interest. How much will you have in the account in 15 years?

Problem (ii) Suppose that you invest $20 000 in an account paying 8% interest. You plan to withdraw $2000 at the end of each year for 15 years. How much money will be left in the account after 15 years?

Reference no: EM132920075

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