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Your grandmother just died and left you 132500 in a trust

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Your grandmother just died and left you $132,500 in a trust fund that pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at thebeginningof each of the next 3 years and end up with zero in the account?

Reference no: EM13380669

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