On January 1 a man deposit $5000 in a credit union that pays 8% interest, compounded annually. He wishes to withdraw all the money in five equal end-of-years sums, beginning December 31st of the first year. How much should he withdraw each year?

he should withdraw $1,252.5 each year.

Explanation:

The computation is shown below:

Given that

Initial deposit (P) = $5,000

n = 5

i = 8%

Now the withdrawal amount is  

AW = P(A/P, i, n)

= $5,000 (A/P, 8%, 5)

= $5,000(0.2505)

= $1,252.5

Therefore, he should withdraw $1,252.5 each year.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

answer; i do believe that the correct answer is (6) points in georgia;

answer: qué lástima, pero no podré ir.

explanation: the expression "qué lástima" means "what a pity" and indicates disgust, because she would like to go but she can't go.

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