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Sammy has worked for a company with a retirement program, and today is retiring from her job with the amount of $135 in her retirement
Sammy has worked for a company with a retirement program, and today is retiring from her job with the amount of $135 in her retirement account. she decides to withdrawl an equal amount from this account once a tear, beginning immediately, and ending 24 years from today ( for a grand total of 25 payments). if the interest rate is 6.25%, solve the annuity amount such that she uses up her full accumulation.
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