You are currently 35 years old. You have just made 10,000 TL from a property sales....

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You are currently 35 years old. You have just made 10,000 TL from a property sales. You don't need the money now, so you deposit it into an account paying 12%. You plan to withdraw the money in 5 equal (annual) payments starting at the age of 66. 1. How much can you withdraw every year? 2. If you decide to withdraw 50,000 TL at the age of 65, and the rest as 5 equal (annual) payments starting at the age of 66, how much can you withdraw every year? You are currently 35 years old. You have just made 10,000 TL from a property sales. You don't need the money now, so you deposit it into an account paying 12%. You plan to withdraw the money in 5 equal (annual) payments starting at the age of 66. 1. How much can you withdraw every year? 2. If you decide to withdraw 50,000 TL at the age of 65, and the rest as 5 equal (annual) payments starting at the age of 66, how much can you withdraw every year?

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