Find yearly payments person receive for last twenty years


A person establishes a sinking fund for retirement by contributing $7,500 per year at the end of each year for 20 years. For the next twenty years, equal yearly payments are withdrawn; at the end of these twenty years, the account balance will be zero. If the money is worth 9% compounded annually, what yearly payments will the person receive for the last twenty years?

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Mathematics: Find yearly payments person receive for last twenty years
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