Peter received a lump sum payment of $\$ 50000$ for an insurance claim (and decided not to put it in a savings account).

Every month, he withdraws $5 \%$ of the remaining funds.

The funds after $x$ months is shown below. The curve in the graph passes (0,5). y-axis labels"y('0000s)"

How much would the first withdrawal be?

Please directly answer the question and provide the final value, e.g., 1, 2.5, 300.
Question: Peter received a lump sum payment of $\$ 50000$ for an insurance claim (and decided not to put it in a savings account).

Every month, he withdraws $5 \%$ of the remaining funds.

The funds after $x$ months is shown below. The curve in the graph passes (0,5). y-axis labels"y('0000s)"

How much would the first withdrawal be?

Please first conduct reasoning, and then answer the question and provide the final value, e.g., 1, 2.5, 300, at the end.
Question: Peter received a lump sum payment of $\$ 50000$ for an insurance claim (and decided not to put it in a savings account).

Every month, he withdraws $5 \%$ of the remaining funds.

The funds after $x$ months is shown below. The curve in the graph passes (0,5). y-axis labels"y('0000s)"

How much would the first withdrawal be?
