Question: 7. Your parents just deposited $20,000 into a bank account paying 6% interest. Starting tomorrow, you plan to withdraw equal amounts from the account at

7. Your parents just deposited $20,000 into a bank account paying

7. Your parents just deposited $20,000 into a bank account paying 6% interest. Starting tomorrow, you plan to withdraw equal amounts from the account at the END of each of the next four years. What is the MOST you can withdraw annually? (Compute PMT on your BAll+.) A) $5,136.91 B) $5,445,12 C) $5,771.83 D) $6,101.88 E) $6,395.88

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