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When his aunt died, Ariel inherited an annuity paying $ every into a savings account for years. The terms of the will state that he
When his aunt died, Ariel inherited an annuity paying $ every into a savings account for years. The terms of the will state that he cannot withdraw any money for the first years, and then he can withdraw equal amounts at the end of each for years. If interest is % compounded , what will be the size of each withdrawal? 6,800 six months four four six months ten 4.62 semi-annually Each withdrawal is $ .
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