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Winston plans to save $48,500 per year for 5 years. His first savings contribution is expected in 1 year. He then plans to make withdrawals
Winston plans to save $48,500 per year for 5 years. His first savings contribution is expected in 1 year. He then plans to make withdrawals for 7 years. How much can Winston expect to withdraw each year if he expects to earn 17.24 percent, he makes equal annual withdrawals, and his first withdrawal is in 6 years?
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