Answer:
annual withdrawal = $15096.04
Step-by-step explanation:
given data
present value = $50,000
annual rate = 8%
time = 4 year
to find out
How much can you withdraw each year
solution
we find here annual withdrawal amount that is express as
annual withdrawal =
................1
here r is rate and t is time
so put here value we get
annual withdrawal =
annual withdrawal =

annual withdrawal = $15096.04