Mathematics, 31.05.2021 15:20 Isabe11a

Ron is saving for his retirement y making annual payments until he retires. Ron turned 20 years old today and will make deposits of $500 at the beginning of each year for the next 15 years. Just before Ron turns 35, he decides to increase his next payment to $4000.He continues making annual payments of $4000 until his last payment at age 64. His ank account earns 6.5% interest effective annual . Starting age 65, Ron would like to a level payment amount at the beginning of each year for 20 years. What level payment will drain Rons bank account after the last withdrawal?

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Ron is saving for his retirement y making annual payments until he retires. Ron turned 20 years old...