The proceeds from a life insurance policy are left on deposit, with interest credited at end of each year. The beneficiary makes withdrawals from the fund at the end of each year t, for t = 1, 2, ....., 10. At the minimum interest rate of 3% guaranteed in the policy, the equal annual withdrawal would be $1000. However, the insurer credits interest at the rate of 4% for the first four years and 5% for the next six years. The actual amount withdrawn at the end of year t is W_t = F_1/a_11 - f .03 where F_f is the amount of the fund, including interest, prior to the withdrawal. Calculate W_10 to the nearest dollar. The proceeds from a life insurance policy are left on deposit, with interest credited at end of each year. The beneficiary makes withdrawals from the fund at the end of each year t, for t = 1, 2, ....., 10. At the minimum interest rate of 3% guaranteed in the policy, the equal annual withdrawal would be $1000. However, the insurer credits interest at the rate of 4% for the first four years and 5% for the next six years. The actual amount withdrawn at the end of year t is W_t = F_1/a_11 - f .03 where F_f is the amount of the fund, including interest, prior to the withdrawal. Calculate W_10 to the nearest dollar