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What is the size of the year zero deposit

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Reference no: EM132991555

Question - Assume that a deposit is to be made at year zero into an account that will earn 8% compounded annually. It is desired to withdraw Rs 5,000 three years from now and Rs 7000 six years from now. What is the size of the year zero deposit that will produce these future payments?

Reference no: EM132991555

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