Question: Michael plans to save $ 7 3 , 8 0 0 . 0 0 per year for 5 years. His first savings contribution is expected

Michael plans to save $73,800.00 per year for 5 years. His first savings contribution is expected later today. He then plans to make withdrawals for 6 years. How much can Michael expect to withdraw eath year if he expects to earn 13.29 percent per year, he makes equal annual withdrawals, and his first withdrawal is in 5 years? $121,298.03(plus or minus 70 dollars) $109,743.74(plus or minus 10 dollars)O $137,418.54(plus or minus 10 dollars) $107,068.62(plus or minus 10 dollars) none of the answers are within 10 dollars of the correct answer

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