The amount of money a person must deposit

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Reference no: EM131004753

The amount of money a person must deposit 3 years from now in order to withdraw $10,000 per year for 10 years beginning 15 years from now at an interest rate of 10% per year is closest to:

a. $21,500

b. $15,500

c. $19,300

d. $17,200

Reference no: EM131004753

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