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If you have $70,000 in a bank account earning 4.75% annually (CIA), what constant amount (annuity) could you withdraw each year and have nothing remaining

If you have $70,000 in a bank account earning 4.75% annually (CIA), what constant amount (annuity) could you withdraw each year and have nothing remaining at the end of 7 years?

A. $11,988

B. $3,325

C. $10,475

D. $12,772

E. $10,000

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