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Clary made a deposit of $34821 each year for 12 years into an account paying 2% compounded annually. She stopped making deposits and let the money accrue interest. At the end of year 24, she began to make equal yearly withdrawals for 11 years. How much did Clary withdraw each year? Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point ("."). Hint: When calculating the withdrawal part of the problem, remember the "P" must be one time period before the first "A".

Financial Management, Finance

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