Your Aunt will put $100,000 into a bank while you are growing up. The money will grow at 4.0% interest for exactly n = 8 years. Then exactly one year later, (at n + 1) you start to withdraw the money in 6 annual equal withdrawals, depleting the account. How much can you withdraw to the nearest cent each year? Hint: Draw a time diagram. This is a compound problem where first you need to figute out how much the money grows to for the n years, and then you set up the problem to figure out the payments. Make yourself a time diagram to help 31 45 46 ANSW 47 Moving to the next question prevents changes to this answer. Question 4 of 10 92F Sunny 32 33 INTEREST 34 YEARS 35 PMT 36 PRESENT VA 37 38 FUTURE VAL 39 40 PRESENT VAL 41 PERIOD 42 FUTURE VALUE 43 34 DARY