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  3. derek currently has $13,896.00 in an account that

Derek currently has $13,896.00 in an account that pays 6.00%. He will withdraw $5,447.00 every other...

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Finance

Derek currently has $13,896.00 in an account that pays 6.00%. Hewill withdraw $5,447.00 every other year beginning next year untilhe has taken 5.00 withdrawals. He will deposit $13896.0 every otheryear beginning two years from today until he has made 5.0 deposits.How much will be in the account 26.00 years from today?

Answer & Explanation Solved by verified expert
3.9 Ratings (425 Votes)
Interest for each year is calculated on the beginning    See Answer
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