Tom Wongs uncle has promised to give Tom $ per year for the next years

years, beginning one year from today. There are payments altogether from

Toms uncle. Assume Tom could invest the payments at compounded

annually.

Tom plans on retiring years from today. Tom will only use the proceeds from his

uncle and their investment returns as the initial investment upon retirement. Tom is certain

he can reinvest at per year during his retirement period. What equal annual

cash flows can Tom withdraw for his retirement, beginning at the end of the

eleventh year? Assume Tom can live for years during his retirement.

withdrawals altogether