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Your wealthy grandparents will put $100,000 into a bank while you are growing up. The money will grow at 6.7% interest for exactly n =

Your wealthy grandparents will put $100,000 into a bank while you are growing up.

The money will grow at 6.7% interest for exactly n = 9 years.

Then exactly one year later, (at n + 1) you start to withdraw the money in 5 annual equal withdrawals, depleting the account.

How much can you withdraw to the nearest cent each year?

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