Question: 2 - Anna, a civil engineer, invests $ 8 , 0 0 0 in a retirement fund today. The fund offers an 8 % annual

2- Anna, a civil engineer, invests $8,000 in a retirement fund today. The fund offers an 8% annual interest rate, compounded annually. Additionally, Anna plans to deposit an extra $1,000 at the end of each year, starting from the 2nd year, and continue doing so for the next 18 years.
Questions:
i. What will be the total amount available in Annas account at the end of 20 years?
ii. If Anna decides to withdraw an equal amount of money every year for the next 10 years (starting at the end of year 21), how much can she withdraw each year without exhausting the fund?

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