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You want to be able to withdraw the specified amount periodically from a payout annuity with...

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Advance Math

You want to be able to withdraw the specified amountperiodically from a payout annuity with the given terms. Find outhow much the account needs to hold to make this possible. Roundyour answer to the nearest dollar.

regular withdraw: $1900
interest rate: 2%
frequency: quarterly
time: 28 years

Answer & Explanation Solved by verified expert
4.5 Ratings (1120 Votes)
Payout annuities are typically used after retirement With apayout annuity you start with money    See Answer
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