Question: 2. Mr. Smith has saved $1,800 each year tor 20 years. A year after the saving period ended, Mr. Smiln withdrew $7,500 each year for

2. Mr. Smith has saved $1,800 each year tor 20 years.

2. Mr. Smith has saved $1,800 each year tor 20 years. A year after the saving period ended, Mr. Smiln withdrew $7,500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew S5,000 per year. In the eighth year, he decided to withdraw the remaining money in his account. If the interest rate was 6% per year throughout the whole period, what was the amount he withdrew at the end of the eighth year

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