Multiple Choice
You have $45,000 earning 9.6% compounded monthly. For how long will you be able to withdraw $5,000 at the end of every year?
A) 10.7 years
B) 13.9 years
C) 21.8 years
D) 24.4 years
E) 29.5 years
Correct Answer:
Verified
Correct Answer:
Verified
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