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In order to help you through college, your parents just deposited $23,000 into a bank account paying 5.9% interest. Starting tomorrow you plan to withdraw
In order to help you through college, your parents just deposited $23,000 into a bank account paying 5.9% interest. Starting tomorrow you plan to withdraw equal amounts from the account at the beginning of each of the next four years. What is the MOST you can withdraw annually?$2,851.94 $6,253.46 $6,325.63 $6,815.57 $6,996.38
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