10 pts Johnny is going to fund his retirement with 15 level annual deposits of...
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10 pts Johnny is going to fund his retirement with 15 level annual deposits of $9.000 starting at the beginning of the year. 7 years after his last deposit (at the end of the 21st year) he starts withdrawing his retirement payments of $X for 10 years, exhausting the retirement fund. The annual effective rate of interest is 7%. a.) Write an equation of value using annuity notation with a valuation date of t = 0 (DO NOT SOLVE) b.) Write an equation of value using annuity notation with a valuation date of t = 20 (years) (DO NOT SOLVE) c.) Calculate X NOTE: Part a and b will be graded with your submitted work. Enter part C as your numeric answer Edit View Insert Format That
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