Question: When his aunt died, Ariel inherited an annuity paying $18,000 every year into a savings account for six years. The terms of the will state

When his aunt died, Ariel inherited an annuity paying $18,000 every year into a savings account for six years. The terms of the will state that he cannot withdraw any money for the first six years, and then he can withdraw equal amounts at the end of each year for seven years. If interest is 2.67% compounded annually, what will be the size of each withdrawal?

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