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You deposit $5,000 per year at the end of each of the next 25 years into...

You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit is made at the beginning of the 20-year period. the first withdrawal is made at the end of the first year in the 20-year period.

A. $37,230

b $43,289

c $18,276

d $27,832

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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