How much could you withdraw from the bank in year, Financial Management

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How much could you withdraw from the bank in year

In 1933, your great grandfather deposited $50 in First USA bank at 5% compounding annually. How much could you withdraw from the bank in year 2017 (assume no withdraw made in between)? If your great grandfather wanted you to have $10,000 in year 2017, how much would he deposit in 1933 to achieve the goal?

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