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$1,000,000 is place in an account that earns 2% each quarter. For the next 8 quarters (starting at the end of quarter 1), an amount

$1,000,000 is place in an account that earns 2% each quarter. For the next 8 quarters (starting at the end of quarter 1), an amount will be withdrawn from the account. All remaining quarterly withdrawals will grow 1% per quarter. After the last withdrawal, the account will have $0 balance. What is amount of the first withdrawal? What is the APY and APR of this account?

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