How much could you withdraw at the end of each of 20 years

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Reference no: EM131338927

You deposit $4,500 per year at the end of each of the next 25 years into an account that pays 10 percent compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit?

(The 25th and last deposit is made at the beginning of the 20-year period. The first withdrawal is made at the end of the first year in the 20-year period.)

Reference no: EM131338927

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