Return to question 9. Suppose at the end of year 5, WHC decides it would like to use the accumulated money from the multiyear donation for various capital projects that the organization has. Assuming WHC can earn 6% annually on investments, how much per year can it withdraw at the end of each year for 7 years before the account has been exhausted?

Data from question 9 Suppose the Williams Health Clinic (WHC) receives a multiyear pledge from a donor. The donor stipulates that she will donate $50,000 at the beginning of each year for 5 years. WHC expects that it can invest the donation at a rate of return of 6% annually. How much will WHC expect to have at the end of 5 years?