Question: You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account

You want to be able to withdraw the specified amount periodically from

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar. Regular withdrawal: $1000 Interest rate: 2.5% Frequency quarterly Time: 24 years Account balance: $

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