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Business, 17.02.2020 00:35 Magalaki1926

On his 34th birthday, Donald deposited $3000 in a fund paying 3.1%/year compounded annually and continued to make such deposits each year, the last on his 57th birthday. Beginning on his 58th birthday, Donald plans to make equal annual withdrawals of $24000. What drop payment will exhaust the fund?

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