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you deposit $ 8 , 5 0 0 per year at the end of each of the next 3 0 years into a retirement account

you deposit $8,500 per year at the end of each of the next 30 years into a retirement account that earns 7.5% compounded annually. once you retire, you will withdraw your retirement savings in 20 annual end of year installments. if the accumulated money can earn an interest rate of 5.0%. how much will you be able to withdraw annually?

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