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Susan has a $ 3 , 0 0 0 , 0 0 0 retirement account. Beginning today, Susan wishes to withdraw the first equal annual
Susan has a $ retirement account. Beginning today, Susan wishes to withdraw the first equal annual payment through and including and still have $ remaining after the final withdrawal. Assume the retirement account will earn percent per year. a How many annual payments are there? b How much can she withdraw each period?
Susan has a $ retirement account. Beginning today, Susan wishes to withdraw the first equal annual
payment through and including and still have $ remaining after the final withdrawal. Assume the
retirement account will earn percent per year.
a How many annual payments are there?
b How much can she withdraw each period?
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