During your working years, you deposit $4,500 per year at the end of each of...

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Finance

During your working years, you deposit $4,500 per year at the end of each of the next 35
years into an account that pays 6.5% compounded annually. How much could you
withdraw at the end of each of the 20 years, during your retirement, following your last
deposit if all withdrawals are the same dollar amount? The interest rate you will be earning
during the retirement period is 3.5% compounded annually. (The first withdrawal is made
at the end of the first year in the 20-year retirement period.)
$39,272.46
$24,984.36
$26,584.68
$28,938.77
$25,184.36
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