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1 0 , 0 0 0 is deposited into an account earning an effective annual interest rate of 6 % . Beginning at the endof

10,000 is deposited into an account earning an effective annual interest rate of 6%. Beginning at the endof the third year, annual withdrawals of 1,000 are made from the account until the account balance atthe end of a year is less than 1,000. At that point, the remaining balance is withdrawn and the accountis closed. How many full withdrawals of 1,000 are made?

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