Thomas puts $200000 into the bank today and starting one year from now will make 9 annual withdrawals of equal amount un

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answerhappygod
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Thomas puts $200000 into the bank today and starting one year from now will make 9 annual withdrawals of equal amount un

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Thomas puts $200000 into the bank today and starting one year
from now will make 9 annual withdrawals of equal amount until the
account is empty and closed down. If the bank pays 6.1% annual
interest, how much can Thomas withdraw every year? Answer to the
nearest cent.
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