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Sorry for the low quality image but I do need the help Thank you When hs aunt ded, Ariet inherited an annuity paying $19,000 every
Sorry for the low quality image but I do need the help Thank you
When hs aunt ded, Ariet inherited an annuity paying $19,000 every year into a savings account for seven years. The tems of the will state that he cannot withdraw any money for the first seven years, and then he can withdraw equal anounts at the end of each year for six years. If interest is 337% compounded annually, what will be the size of each withdrawal? Each withdras at is 5 (Round the Linal answer to the nearest cent as needed. Round all intermediate values to six decimal places as theoded) Step by Step Solution
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