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52000$ was deposited in a savings account 7 years ago, and the account earned interest at the rate of 12% per year. Assuming the end-of-the-year
52000$ was deposited in a savings account 7 years ago, and the account earned interest at the rate of 12% per year. Assuming the end-of-the-year convention , what is the amount of equal annual withdrawals that can be made to completely deplete the fund 7 years now if the interest withdrawal will be made now?
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