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How much can you have to withdraw each year

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Question - You put $10,000 into your MBA fund. You have to start paying for this program by the end of the year. You will make 3 equal withdrawals over the next three years. Assuming your account earns 5% interest, how much can you have to withdraw each year? Round to the nearest dollar in your answer and show your work!

Reference no: EM133027824

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