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Olivia has $200,000 deposited today (at t = 0) in an account at the Nashua Savings Bank which pays an annual interest rate of 4.4%.

Olivia has $200,000 deposited today (at t = 0) in an account at the Nashua Savings Bank which pays an annual interest rate of 4.4%. If starting next year (at t = 1) she wants to start making 6 annual equal withdrawals depleting the entire account, how much can can Olivia take out per year to the nearest cent?


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