Question: 2 - Anna, a civil engineer, invests ( mathbf { $ 8 , 0 0 0 } ) in a retirement
Anna, a civil engineer, invests mathbf$ in a retirement fund today. The fund offers an mathbf annual interest rate, compounded annually. Additionally, Anna plans to deposit an extra $ at the end of each year, starting from the nd year, and continue doing so for the next mathbf years.
Questions:
i What will be the total amount available in Anna's account at the end of years?
ii If Anna decides to withdraw an equal amount of money every year for the next years starting at the end of year how much can she withdraw each year without exhausting the fund?
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