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Unformatted text preview: period he plans to increase the deposit at the rate of 6% each year. Neglecting the effect of inflation, what should be the size of his deposit "A"?-1 s-\!-,-'r t. 7. f ' + r. I , A A / ' r 1 I 1 / .'. /, '-1':\ \ ( ,. J r V . Db C o-" , , , , , J; e-• . • . \-, L . A ( , 1 _ ~ W ( % I o .-g / \ b ) 1 . <; , V" i ) ~ < lo-:-\ ' ( ' f lr I O . Z I 20) +-/ . /...
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- Spring '11
- #, Fractional-reserve banking, $1,000,000, retirement account