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You plan to make annual deposits of $15,000 into a retirement account that earns 3% APR. The deposits will start one year from today (t
You plan to make annual deposits of $15,000 into a retirement account that earns 3% APR. The deposits will start one year from today (t = 1) and continue until 30 years from today when you retire (t = 30). You want to make 20 annual withdrawals beginning from the next year of retirement (from t = 31 to t = 50). What is the amount of each annual withdrawal?
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