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Ms. Chestnut wants to save money every year while she works, to build a mestegg fund to draw from during retirement. Specifically, she pla deposit

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Ms. Chestnut wants to save money every year while she works, to build a mestegg" fund to draw from during retirement. Specifically, she pla deposit $8,200 at the Cherry Savings Bank at the end of each year for 23 years, and then withdraw equal amounts to help pay her living expenses at the beginning of each year for the following 18 years. How much can each of the 18 withdrawals be (occurring at the start of each of years 24 - 41) 3.7% annual interest can be earned throughout the life of the plan, on the accounts remaining balance? A $22,31439 B. 515,50944 C.523,140.02 D. 521,518.22 E516,083.29

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