Annual withdrawals, Beginning December 31, 2014, ten equal

Annual withdrawals

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Reference no: EM13912854

Beginning December 31, 2014, ten equal annual withdrawals are to be made. Using appropriate tables, determine the equal annual withdrawals if $140,000 is invested on January 1, 2014 at an interest rate of 10% compounded annually.

Reference no: EM13912854

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