You deposit 10000 into an account paying 8 interest, Business Economics

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You deposit 10000 into an account paying 8 interest

You deposit $10000 into an account paying 8% interest compounded quarterly. You want to make withdrawals of $1300 each year for the next 15 years. If you were to make two equal deposits, one in year 5, the other in year 10, how much would they need to be?

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Business Economics: You deposit 10000 into an account paying 8 interest

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