Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5% compounded annually. If

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answerhappygod
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Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5% compounded annually. If

Post by answerhappygod »

Five years ago, $12, 000 was deposited into a savings account
that provides an interest of 6.5% compounded annually. If a uniform
amount of $3, 000 was withdrawn yearly starting at the end of the
first year after the initial deposit was made, how much money can
still be withdrawn now?
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