Question: Sharon has worked for a company with a retirement program, and today is retiring from her job with the amount of $ 1 2 5

Sharon has worked for a company with a retirement program, and today is retiring from her job with the amount of $125000 in her retirement account. She decides to withdrawal an equal amount from this account, once a year, beginning immediately, and ending 20 years from today (for a total of 21 payments). If the interest rate is 4.75%, solve for the annuity amount such that she uses up her full accumulation.
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