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You are the grand prize winner of $450000.00!!! You deposit your winnings in a savings account earning 5% interest compounded annually. After quitting your job,
You are the grand prize winner of $450000.00!!! You deposit your winnings in a savings account earning 5% interest compounded annually. After quitting your job, you withdraw $50000.00 at the end of each year for 30 years. How many full withdrawals of 50000.00 were made? What is the amount of the smaller concluding withdrawal? You must be within $10 to the correct amount
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