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a > On 1st January 2007, $100 is deposited in a fund earning 3 % interest compounded annually and $100 deposits continue to be made

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a > On 1st January 2007, $100 is deposited in a fund earning 3 % interest compounded annually and $100 deposits continue to be made on each 1st January up to and including 1st January 2017. The purpose of the fund is to provide a series of equal annual withdraws starting 1st January 2020. The final withdrawal on 1st January 2025 will exhaust the fund. How much can be withdrawn each year during the period 2020-2025

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