On january 1 a woman deposits 5000 in a credit union that


On january 1, a woman deposits $5000 in a credit union that pays 8% nominal annual interests, compounded quaterly. She wishes to withdraw all the money in five equal yearly sums, begining december 31 of the first year. How much should she withdraw each year?

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Financial Management: On january 1 a woman deposits 5000 in a credit union that
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