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Timothy plans to say $ 5 1 , 1 0 0 per year for six years. His first savings contribution is expected in one year.

Timothy plans to say $51,100 per year for six years. His first savings contribution is expected in one year. He then plants to make withdrawals for three years. How much can Timothy expect to withdraw each year if he expects to earn 16.76% per year, he makes equal annual withdrawals, and his first withdrawal is in six years?

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