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Stacy Alvarez is investing $315,200 in a fund that earns 12% interest compounded annually. What equal...

Stacy Alvarez is investing $315,200 in a fund that earns 12% interest compounded annually. What equal amounts can Stacy withdraw at the end of each of the next 15 years?

Yearly withdrawals $ = ?

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Answer #1
Yearly Withdrawls = Investment amount
                             Annuity(12%,15 yrs)
Yearly withdrawls = $315,200/6.8109
Yearly Withdrawls = $46,278.76
Note:The Annuity factor is taken from the annuity table
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