(Solved): Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals ...

Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) \( \$ 500,000 \) at \( 6 \% \), paid out monthly for 16 years, leaving \( \$ 10,000 \) in the account after the 16 years \[ P M T=\$ \] [0/1 Points] WANEFMAC7 3.3.025. Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) \( \$ 50,000 \) borrowed at \( 7 \% \) for 10 years, with monthly payments