Janie deposits ($10),000 in the bank today. Starting 3 years from now, she makes equal withdrawals of

Question:

Janie deposits $$10$,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $$1$,000 for 5 years and then withdraws the remaining amount 10 years from now. How much will she be able to withdraw 10 years from now, assuming the bank pays 6 percent compounded annually?

Fantastic news! We've Found the answer you've been seeking!