Laquita deposits 3500 in her retirement account every year, Business Economics

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Laquita deposits 3500 in her retirement account every year

LaQuita deposits $3500 in her retirement account every year. If her accountpays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last deposit? Contributed by Paul R. McCright, University of South Florida.

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Business Economics: Laquita deposits 3500 in her retirement account every year

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