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Question 5 You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the

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Question 5 You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar. Regular withdrawal: $500 Interest rate: 4% Frequency quarterly Time: 15 years Account balance: $ Question Help: Video Message instructor Submit

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