What equal amount could harrison withdraw at the end

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Assume that Harrison (above) managed to amass $515,000 after twenty years in one of the investments above.

Problem a. Given an effective annual interest rate of 6%, what equal amount could Harrison withdraw at the end of each year for the next thirty years?

Problem b. Given an APR of 6%, compounded monthly, what equal amount could Harrison withdraw at the end of each month for the next thirty years?

Reference no: EM132987259

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