What will be the magnitude of the annual withdrawals

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Reference no: EM131912958

$120,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years.

If uniform annual withdrawals occur over the 6-year period, what will be the magnitude of the annual withdrawals?

Reference no: EM131912958

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