What value of will deplete the fund with fourth withdrawl

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Reference no: EM131200288

Quarterly deposits of $1,000 are made at t=1,2,3,4,5,6, and 7. Then, withdrawls of size A are made at t=12,13,14, and 15. If the fund pays interest at a quarterly compunding rate of 4%, what value of A will deplete the fund with the fourth withdrawl?

Reference no: EM131200288

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