What''s the starting deposit amount

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Reference no: EM13265630

What's the starting deposit amount A that needs to be made to have $200000 available at the end of 24 years in an account that pays 5% per year if the plan that wiil be followed is to deposit A for the first 8 years, two times A for the 8 years followed by three times A for the last 8 years?

Reference no: EM13265630

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