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Sally has accumulated a sizeable balance in her investment fund. She wants to make annual withdrawals for 11 years starting with $5700 and decreasing (negative

Sally has accumulated a sizeable balance in her investment fund. She wants to make annual withdrawals for 11 years starting with $5700 and decreasing (negative growth) by 2.4% thereafter.

(a) What will be the size of the 11th withdrawal? (Hint: Let k = 2.4%.)

(b) What will be the total amount withdrawn?

a) The size of the 11th withdrawal will be $____

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

b) The total amount withdrawn will be $_____

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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