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Quarterely deposits of $1000 are made at t=1,2,3,4,5,6, and

Quarterely deposits of $1000 are made at t=1,2,3,4,5,6, and 7. Then, withdrawels of size A are made… Show more Quarterely deposits of $1000 are made at t=1,2,3,4,5,6, and 7. Then, withdrawels of size A are made at t=12,13,14, and 15. If the fund pays interest at a quarterly compounding rate of 4%, what value of A will depleste the fund with the fourth withdrawal? I need to know how to do this. The answer is 2545.50. The interest is 4%/qtr/qtr. Thanks! • Show less


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