Dewey cheatem deposited 25000 into a savings account this, Financial Management

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Dewey cheatem deposited 25000 into a savings account this

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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