Given the following information, determine the amount of cash on the balance sheet, assuming that the company has only three assets. Liabilities equal $3,350
Owner's equity equals $28,000
Supplies equal $2,000
Land equals $23,500

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?