Question: You will deposit $2,000 today. It will grow for five years at 12% interest, but compounded semi-annually. You will then withdraw the funds annually over

You will deposit $2,000 today. It will grow for five years at 12% interest, but compounded semi-annually. You will then withdraw the funds annually over the next four years at the end of each year, with an annual interest rate of 8%. Your annual withdrawal will be approximately ______.

$797
$1,082
$2,340
$4,332

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