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= RTW Corp. offers a retention bonus to employees it wants to keep from leaving for a competitor. As a valued employee, you have retention
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RTW Corp. offers a retention bonus to employees it wants to keep from leaving for a competitor. As a valued employee, you have retention bonus account with $102,960 earning 8.5 percent per year. While you remain an employee, you are allowed to withdraw from this account at the at the end of every year, over 6 years, in equal annual withdrawals until the account is completely depleted. How much are your maximum allowed withdrawals? Answer to the nearest cent, and enter without the dollar sign.
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