Question: You plan to save $ 8 , 8 0 3 per year for 8 years, with your first savings contribution later today. You then plan

You plan to save $8,803 per year for 8 years, with your first savings contribution later today. You then plan to make X withdrawals of $35,446 per year, with your first withdrawal expected in 8 years. What is X if the expected return per year is 16.23 percent per year?

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