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Posted on Sep 06, 2024

if $ 1 0 0 0 0 0 is invested today in an account that earns interest at a rate of 2 0 % ,

if $

100000

is invested today in an account that earns interest at a rate of

20 %,

what is the value of the equal withdrawals that can be taken out of the account at the end of each of the next eight years if the investor plans to deplete the account at the end of time period?

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