Question: You are going to withdraw $ 5 , 0 0 0 at the end of each year for the next four years from an account

You are going to withdraw $5,000 at the end of each year for the next four years from an account that pays interest at a rate of 9% compounded annually. How much must there be in the account today in order for the account to reduce to a balance of zero after the last withdrawal? (round to the nearest cent)
$14,793.83
$16,198.60
$18,602.29
$20,000.00
None of the above

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