You currently have $250,000 in your retirement account. What equal annual amount can you withdraw each year for the next 13 years and still have $37.000 left in the account after the 13th withdrawal?...

Draw cash flow diagram and use interest tables

Extracted text: You currently have $250,000 in your retirement account. What equal annual amount can you withdraw each year for the next 13 years and still have $37.000 left in the account after the 13th withdrawal? The nterest rate on the account is 8% per year and you make your first withdrawal one year from today. /itd