5. John is planning to retire in 20 years. Money can be deposited at 9%...
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5. John is planning to retire in 20 years. Money can be deposited at 9% compounded quarterly. What quarterly deposit must be made at the end of each quarter until John retires so that he can make a withdrawal of 835000 semiannually over the first 10 years of his retirement? Assume that his first withdrawal occurs at the end of six months after his retirement Note 1: he makes the first deposit one quarter from now, Note 2: he withdraws money 20 times over the first 10 years of his retirement (once every six months). And after he withdraws money for the 20" time, there won't be any money left in the account. Final
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