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You have $20,000 in an account earning 7% per year. You want to take out this money in six equal annual withdrawals, starting four years
You have $20,000 in an account earning 7% per year. You want to take out this money in six equal annual withdrawals, starting four years from now. a) Draw the cash flow diagram for this scenario. b) Calculate how much money you can withdraw in cach of the six years
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