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On your birthday, when you turned 24, $25400 was deposited in an account which earns 10.5% compounded annually. a. How much can you withdraw annually
On your birthday, when you turned 24, $25400 was deposited in an account which earns 10.5% compounded annually. a. How much can you withdraw annually for 11 years if the first withdrawal is made on the day you become 49?
b. State the total amount of interest earned on this account.
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