What is the maximum amount that she can withdraw at the end

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Izzy Reel deposited a sum of $25,000 into a savings account, which pays 8% annual interest compounded semiannually. Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?

Reference no: EM13150656

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