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Find how much is he able to withdraw from the annuity

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Problem 1: Leo invested $67,250 into an annuity earning 4.4% compounded semi-annually. How much is he able to withdraw from the annuity at the end of every 3 months for 7 years?

Option 1: $2799.

Option 2: $3,105.25

Option 3: $2500

Option 4: $2,066.7

Reference no: EM132583321

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