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2.Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. You will make the investment now, you expect to earn

2.Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. You will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals. If the first withdrawal is made immediately, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdrawal?

a. $12,808.29
b. $13,204.43
c. $13,612.81
d. $14,021.19
e. $14,441.83

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