Suppose Victoria opens a savings account today (time 0) so that starting 3 years from...
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Suppose Victoria opens a savings account today (time 0) so that starting 3 years from now (in year 3) she can withdraw $125 and then, every year after into perpetuity, she can increase the amount withdrawn by 6.00% with respect to the prior year. If the interest rate is 9.00%, how much does Victoria has to deposit today (year O) so she can keep this schedule of withdrawals? $1,169.00 $1,072.48 $3,507.00 $3,708.32
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