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Calculate the equivalent uniform payment value (A) for the given cash flow diagram at years 8.9, and 10. Make sure to appropriately show your work.

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Calculate the equivalent uniform payment value (A) for the given cash flow diagram at years 8.9, and 10. Make sure to appropriately show your work. 500 400 300 i=10% 200 10 11 0 1 2 3 4 5 6 7 2 A 2 You have $20,000 in an account earning 7% per year. You want to take out this money in seven equal annual withdrawals, starting ten years from now. a) Draw the cash flow diagram for this scenario. b) Calculate how much money you can withdraw in each of the six years

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