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6 You are going to withdraw 52991 or the end of each year for the next 21 years from an account that pays Interest at

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6 You are going to withdraw 52991 or the end of each year for the next 21 years from an account that pays Interest at a rate of 13% compounded annually. How much must there be in the account today m order tor the account to reduce to a balance of SS5J9 after the last withdrawal 7 (Note retain at least four places of a docimal in your calculation) Select one: .) 5255203.80 b) $21721.42 c) $21240.74 d) $62811.00 e) $21666.12

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