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5) You plan on withdrawing equal quarterly payments from an account for the next twelve years until the fund reaches a $0 balance. The initial

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5) You plan on withdrawing equal quarterly payments from an account for the next twelve years until the fund reaches a $0 balance. The initial deposit was $525,250. If the rate of return is 5.6% compounded quarterly, determine the dollar amount of the quarterly withdrawals. A) $13,652.62 B) $15,876.64 C) $12,562.50 D) $13,953.12 E) $15,101.82 None of the above

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