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Stephanie collects an inheritance of $500000. She takes 30% in cash and invests the balance at ji 7% with the intention of withdrawing 16 annual

Stephanie collects an inheritance of $500000. She takes 30% in cash and invests the balance at ji 7% with the intention of withdrawing 16 annual payments with the first payment in 3 years. What is the size of the payments she is able to withdraw

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