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Ruth Smith has saved $269000 for her retirement. It is invested in an annuity that...

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Accounting

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Ruth Smith has saved $269000 for her retirement. It is invested in an annuity that pays 12%. Ruth wishes to make equal semi-annual withdrawals over the next 10 years, beginning 6 months from now. How much can she withdraw each period without exhausting her initial imvestment? $22125$23453$47609$42508

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