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15. You received $100,000 as a signing bonus from your first employer. You plan to use this money to buy a 20-year annuity at a

15. You received $100,000 as a signing bonus from your first employer. You plan to use this money to buy a 20-year annuity at a rate of 12%. How much will you be able to withdraw each year starting at the end of the 1st year?

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