Question: Question 13 10 points Save Answer You plan on saving $10,000 a year (as a regular annuity) for the next 30 years. You will then

Question 13 10 points Save Answer You plan on saving $10,000

Question 13 10 points Save Answer You plan on saving $10,000 a year (as a regular annuity) for the next 30 years. You will then make equal withdrawals for each of the next 25 years (also a regular annuity). If the interest rate is 10% over the first 30 years but only 8% for the remaining 25 years, what will be the amount of each withdrawal? Place answer in the box below and use 2 decimals

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