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Business, 28.05.2020 02:08 kamerin46

G Adam withdraws uniformly from a savings account, at a rate of $7,000 for 14 years. Then due to unforeseen circumstances he needs to increase his annual withdrawal by an additional $5000. He continues to withdraw money at this increased rate for another 8 years until the account is exhausted. With an interest rate of 12%, what was the initial value of the savings account

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G Adam withdraws uniformly from a savings account, at a rate of $7,000 for 14 years. Then due to unf...
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