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In order to help you through college, your parents just deposited $23,500 into a bank account paying 6% interest. Starting tomorrow you plan to withdraw
In order to help you through college, your parents just deposited $23,500 into a bank account paying 6% 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? 1) $6,398.02 2) $5,445.12 3) $5,771.83 04) $6,395.54 5) $5,136.91
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