Your annual withdrawal will be

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Reference no: EM131549422

You will deposit $15,000 today. It will grow for 9 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 7 years. The annual interest rate is 6%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.)

$8,691

$5,444

$6,699

$3,620

Reference no: EM131549422

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