When his aunt died, Ariel inherited an annuity paying $10 000 per year into a savings account

Question:

When his aunt died, Ariel inherited an paying $10 000 per year into a savings account for 8 years. The terms of the will state that he cannot withdraw any money for the first 8 years, and then he can withdraw equal amounts at the end of each year for 10 years. If interest is 4.15% compounded annually, what will be the size of each withdrawal? Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...