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1. Dylan puts $200,000 into the bank today and starting one year from now will make 8 annual withdrawals of equal amount until the account
1. Dylan puts $200,000 into the bank today and starting one year from now will make 8 annual withdrawals of equal amount until the account is empty and closed down. If the bank pays 5.8% annual interest, how much can Dylan withdraw every year? Answer to the nearest cent. (Show all steps)
2. How much does Asher need to put into the bank today (to nearest cent) to end up with $1,565 exactly 10 years later? The bank pays 6.8% interest. (Show all steps)
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