Multiple Choice
You will deposit $2,000 today.It will grow for 6 years at 10% interest compounded semiannually.You will then withdraw the funds annually over the next 4 years.The annual interest rate is 8%.Your annual withdrawal will be:
A) $2,340
B) $4,332
C) $797
D) $1,084
Correct Answer:
Verified
Correct Answer:
Verified
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