Question: PLEASE GIVE EXACT ANSWERS ONLY DO NOT ROUND WHILE CALCULATING. THANKS When his aunt died, Ariel inherited an annuity paying $4,600 every quarter into a
PLEASE GIVE EXACT ANSWERS ONLY DO NOT ROUND WHILE CALCULATING. THANKS
When his aunt died, Ariel inherited an annuity paying $4,600 every quarter into a savings account for six years. The terms of the will state that he cannot withdraw any money for the first six years, and then he can withdraw equal amounts at the end of each quarter for ten years. If interest is 5.87% compounded quarterly, what will be the size of each withdrawal? . Each withdrawal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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