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You wish to have $250,000 at the end of twenty years. In thelast five years, you withdraw $1,000 annually at a rate of 3.8%compounded quarterly. During the middle ten years, you contribute$500 monthly at a rate of 2.8% compounded semi-annually. Given thisinformation, determine the initial deposit that has to be made atthe start of the first five years at a rate of 4% compoundedmonthly?
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