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$ 1 0 0 0 investment each year for 8 years, starting 1 year from now. The annual interest rate is 1 4 % per

$1000 investment each year for 8 years, starting 1 year from now. The annual interest rate is14% per year.
17. Billy decides to open an individual retirement account (IRA) at his local bank that pays 8%year. At the end of each of the next 40 years, he will deposit $2,000 per year into the account (40 total deposits). Three years after the last deposit, Billy will begin making annual withdrawals. If Billy wants the account to last 30 years (30 withdrawals), what amount will he be able to withdraw each year?
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