What is the value of equal withdrawals that can be taken out

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Reference no: EM131910099

Answer the following question

If $10,000 is invested today in an account with an interest rate of 9.5%, what is the value of equal withdrawals that can be taken out of the account at the end of each of the next five years if the investor plans to deplete the account at the end of the time period?

Reference no: EM131910099

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