Dewey cheatem deposited 25000 into a savings account this, Ask an Expert

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Dewey Cheatem deposited $25,000 into a savings account. This savings account pays 8% annual interest compounded semi-annually. Beginning a year from now and continuing in perpetuity, equal annual withdrawals are to be made. What is the maximum amount Dewey can withdraw at the end of each year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91825965

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