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Suppose you open up a saving account into which you deposit $ 200,000 at 6.2%. Obviously, after 5 years you money has grown. The next
Suppose you open up a saving account into which you deposit $ 200,000 at 6.2%. Obviously, after 5 years you money has grown. The next year you start to withdraw the money and continue to do so for 4 years in equal amounts, after which the account is down to zero (assume it continues paying the same interest rate as initially). How much do you get out every year? Do not round intermediate answers!
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