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At the time of her retirement, Nina's Individual Retirement Account (IRA) has a balance of $383,700.90. For the next 15 years, she wants to withdraw
At the time of her retirement, Nina's Individual Retirement Account (IRA) has a balance of $383,700.90. For the next 15 years, she wants to withdraw equal yearly payments, at the end of which time the account will have a zero balance. If money is worth 9% compounded annually, what yearly payment will Nina receive for the 15 years?
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