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answer should be well explained . Jim deposits $18,000 today in a fund paying interest...

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Finance

answer should be well explained . Jim deposits $18,000 today in a fund paying interest at j4 = 10%. Exactly 3 years later, Jim withdraws $R, followed by 19 more withdrawals, each made 3-months apart (20 quarterly withdrawals in total). What is R? Answer: $1515.00

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