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QUESTION

If you want to withdraw money each year for the next four years, and you want each withdrawal to have $35,000 worth of purchasing power as measured...

If you want to withdraw money each year for the next four years, and you want each withdrawal to have $35,000 worth of purchasing power as measured in current dollars. If the inflation rate is 6% per year, then the withdrawal will simply have to increase by 4% each year to compensate. What are the withdrawals each year during the next four years?

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