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When her aunt died, Sue inherited an annuity paying $5,600 every six months into a savings account for five years. The terms of the will
When her aunt died, Sue inherited an annuity paying $5,600 every six months into a savings account for five years. The terms of the will state that he cannot withdraw any money for the first five years, and then he can withdraw equal amounts at the end of each six months for eleven years. If interest is 3.32% compounded semi dash annually, what will be the size of each withdrawal?
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