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You are going to withdraw $1,000 at the end of each year for the next...

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You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 8% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much interest will you earn on the account over the three year life? Select one: a. $422.90 a b. $576.24 c. $0.00 d. $240.00

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