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How much could you withdraw at end of each of the 20

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You deposit $4500 per year at the end of each of the next 25 years into an account that pays 10% compounded annually. How much could you withdraw at the end of each of the 20 years following you last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit is made at the beginning of the 20-year period. The first withdrawal is made at the end of the first year in the 20-year period.)

a. $51,983

b. $22,128

c. $45,987

D. $38,323

Reference no: EM13478547

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