Question: Brian receives $400,000 for winning a rodeo clown contest. He wishes to put these winnings into an account and make a series of yearly withdrawals

Brian receives $400,000 for winning a rodeo clown contest. He wishes to put these winnings into an account and make a series of yearly withdrawals exhausting the account over the next 20 years. How much can Brian withdraw if his account earns 5% APR.

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