Beginning December 31, 2014, five equal annual withdrawals are to be made. Required Using the appropriate tables,

Question:

Beginning December 31, 2014, five equal annual withdrawals are to be made.

Required
Using the appropriate tables, determine the equal annual withdrawals if $25,000 is invested at an interest of 12% compounded annually on
1. December 31, 2013
2. December 31, 2014
3. December 31, 2010