Business, 27.05.2020 23:10 Turtlelover05

Susan and Jeff each make deposits of 100 at the end of each year for 40 years. Starting at the end of the 41st year, Susan makes annual withdrawals of X for 15 years and Jeff makes annual withdrawals of Y for 15 years. Both funds have a balance of 0 after the last withdrawal. Susan's fund earns an annual effective interest rate of 8%. Jeff's fund earns an annual effective interest rate of 10%. Calculate ( Y − X ) .

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Susan and Jeff each make deposits of 100 at the end of each year for 40 years. Starting at the end o...

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