A deposit of $100,000 is made into an account paying 8% interest per year, compounded
Chapter 10, Problem 12(choose chapter or problem)
A deposit of $100,000 is made into an account paying 8% interest per year, compounded annually. Annual payments of $10,000 each, starting right after the deposit, are made out of the account. How many payments can be made before the account runs out of money?
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