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You will deposit $9,000 today. It will grow for 7 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the

You will deposit $9,000 today. It will grow for 7 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years. The annual interest rate is 6%. Your annual withdrawal will be:

$6,948

$4,956
$2,765
$3,701

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