Question: Draw a timeline in your notes to practice, then use the one below to help you! Taking advantage of a bank incentive, $16,500 was deposited

Draw a timeline in your notes to practice, then use the one below to help you! Taking advantage of a bank incentive, $16,500 was deposited into an account earning 4.5% compounded quarterly for five years before withdrawals were initiated. What is the size of the beginning-of-month withdrawals that continued for five more years?

a. $474.86

b. $384.59

c. $469.58

d. $384.31

e. $383.15

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