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Smitty deposited $100,000 in an account paying 12.1% annual interest in 2010. He now wants to make six equal annual withdrawals from the account starting
Smitty deposited $100,000 in an account paying 12.1% annual interest in 2010. He now wants to make six equal annual withdrawals from the account starting with the first withdrawal in 2020. Smitty also wants to have exactly $140,000 left in the account in 2027. How large can each of the annual withdrawals be? $33,627.22 $81,878.74 O $61,084.74 O $50,976.92 $54,491.29
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