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Find the Periodic Withdrawal for an Annuity of $240,000 at 6

Question 106

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Find the periodic withdrawal for an annuity of $240,000 at 6%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.


A) PMT=$4,648.94P M T = \$ 4,648.94
B) PMT=$1,048.94P M T = \$ 1,048.94
C) PMT=$6,205.22P M T = \$ 6,205.22
D) PMT=$3,095.97P M T = \$ 3,095.97
E) PMT=$1,546.32P M T = \$ 1,546.32

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