How much do you have to save at the end of each year over the next 8 years to accumulate a balance o
How much do you have to save at the end of each year over the next 8 years to accumulate a balance of $11,000? Assume you can earn 5.8% on your investments. Round to two decimal places. You have $16,000 in an account earning an interest rate of 3.2%. What are the annual end- of-year withdrawals you can make from this account before it is depleted in 12 years? Round to two decimal places.
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