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Freddy plans to save $73,800 per year for 5 years. His first savings contribution is expected later today. He then plans to make withdrawals for
Freddy plans to save $73,800 per year for 5 years. His first savings contribution is expected later today. He then plans to make withdrawals for 6 years. How much can Freddy expect to withdraw each year if he expects to earn 13.29 percent per year, he makes annual withdrawals, and his first withdrawal is made in 5 years?
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