In order to help you through college, your parents just deposited $23,000 into a bank account paying 5.9% interest. Starting tomorrow you plan to withdraw equal amounts from the account at the beginning of each of the next four years. What is the MOST you can withdraw annually?
- $2,851.94
- $6,253.46
- $6,325.63
- $6,815.57
- $6,996.38