Your mother wants to save $ 2 , 0 0 0 , 0 0 0 for retirement.
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Question:
Your mother wants to save $ for retirement. She plans to invest annually in an account that pays over the next years, and he wants endofyear withdrawals during her retirement. During the savings or accumulation period the interest compounds quarterly, but during the withdrawal period, interest compounds annually.
Provided that she reaches her savings goal, how much she would be able to withdraw annually?
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