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Homework answers / question archive / Sam deposits $1000 each year for 10 years in his savings account with interest at j1=12%

Sam deposits $1000 each year for 10 years in his savings account with interest at j1=12%

Finance

Sam deposits $1000 each year for 10 years in his savings account with interest at j1=12%. One year after the last deposit he makes 8 annual withdrawals of $2500 each. What is the balance left in his account just after the last withdrawal.

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