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On your birthday, when you turned 3, $14600 was deposited in an account which earns 8.25% compounded annually. a. How much can you withdraw annually
On your birthday, when you turned 3, $14600 was deposited in an account which earns 8.25% compounded annually. a. How much can you withdraw annually for 20 years if the first withdrawal is made on the day you become 28? b. State the total amount of interest earned on this account.
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