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In 2009, Harold deposited $50,000 in an account paying 6% annual interest. Harold wants to make five equal annual withdrawals from the account starting with
In 2009, Harold deposited $50,000 in an account paying 6% annual interest. Harold wants to make five equal annual withdrawals from the account starting with the first withdrawal in 2020. Further, Harold wants to have exactly $100,000 left in the account in 2026. How large can each of the annual withdrawals be?
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