Question: Your great aunt will put $150,000 into a bank while you are growing up. The money will grow at 6.2% interest for exactly n =

Your great aunt will put $150,000 into a bank while you are growing up. The money will grow at 6.2% interest for exactly n = 4 years. Then exactly one year later, (at n + 1) you start to withdraw the money in 5 annual equal withdrawals, depleting the account. How much can you withdraw to the nearest cent each year?

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