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Annual withdrawals are to be made

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Reference no: EM13874102

Beginning December 31, 2014, five equal annual withdrawals are to be made.

Required:
Using the appropriate tables, determine the equal annual withdrawals if $25,000 is invested at an interest of 12% compounded annually on
1. December 31, 2013
2. December 31, 2014
3. December 31, 2010

Reference no: EM13874102

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