Question $5(1$ point$)$

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Assume Mr$.$ Smith has reached retirement and has $$250,000$ in an account which is earning $6\mathrm{.}5\%.$ He would now like to make equal monthly withdrawals for the next $15$ years to completely deplete this account. Find the withdrawal payment.

Question $5$ options:

a$)$

Mr$.$ Smith should calculate to be able to withdraw

b$)$

Mr$.$ Smith should calculate to be able to withdraw

AMT $=$

c$)$

Mr$.$ Smith should calculate to be able to withdraw

d$)$

Mr$.$ Smith can withdraw any amount he wants.

Question $6(1$ point$)$

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