A paint company strategized three different types of marketing messages to revive customer interest in an older paint product. The marketing team brought in three different audience segments and had them participate in the online version of the three various messages as well as with TV mass marketing advertisement.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?