Question: Please show all work without excel! Thanks #1 Susan has a $2,000,000 retirement account. Beginning today, Susan wishes to withdraw the first of twenty-five equal

Please show all work without excel! Thanks

#1 Susan has a $2,000,000 retirement account. Beginning today, Susan wishes to withdraw the first of twenty-five equal annual payments but still have $400,000 remaining after the final withdrawal. Assuming the retirement account will earn 7.5 percent per year, how much can she withdraw each period?

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