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David wishes to retire in 20 years. After retirement, David expects to live another 18 years. He plans to make equal annual deposits at $15,000

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David wishes to retire in 20 years. After retirement, David expects to live another 18 years. He plans to make equal annual deposits at $15,000 into his retirement account, starting today, and would like to withdraw an equal amount of money per year for 18 years starting the day he retires. (Note, the annual deposits and withdrawals are all made at the beginning of each year.) Assume David earns an annual interest rate of 10% p.a.. Compute the amount David can withdrawal each year during his retirement life according to his life expectancy. State your answer in dollars with TWO decimal places

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