When Ms. Thompson died, she left $25,000 to her husband, which he deposited at 6% compounded annually.

Question:

When Ms. Thompson died, she left $25,000 to her husband, which he deposited at 6% compounded annually. He wants to make annual withdrawals from the account so that the money (principal and interest) is gone in exactly 8 years.
(a) Find the amount of each withdrawal.
(b) Find the amount of each withdrawal if the money must last 12 years.

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