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Annie Laerz wants to invest $100,000 on January 1,2014, so that she may withdraw 10 annual payments of equal amounts beginning January1,2029. If the fund
Annie Laerz wants to invest $100,000 on January 1,2014, so that she may withdraw 10 annual payments of equal amounts beginning January1,2029. If the fund earns 7% annual interest over its life,what will be the amount of each of the withdrawals?(Round intermediate calculations and your final answer to the nearest dollar.)
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