If uniform annual withdrawals occur over the 6-year period


$120,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years.

If uniform annual withdrawals occur over the 6-year period, what will be the magnitude of the annual withdrawals?

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Financial Management: If uniform annual withdrawals occur over the 6-year period
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