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QUESTION
Can you please show me what formulas to use to answer these questions?
Can you please show me what formulas to use to answer these questions?
You want to withdraw $ 55,376 from your account at the end of one year and $ 10,744 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 4 percent p.a.
