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Business, 20.02.2020 01:01 Jduxn

Imagine that your financial advisor offers to form an investment strategy which you are going to be able to withdraw $5,000 at an annual 8% interest rate compounded quarterly at the end of five years and withdraw $6,000 at an annual 10% interest rate compounded semi-annually at the end of six years, leaving zero balance in the account after the last withdrawal. How much do you have to deposit today to satisfy the withdrawal needs?

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