Multiple Choice
You will deposit $10,000 today.It will grow for 10 years at 10% interest compounded monthly.You will then withdraw the funds quarterly over the next 4 years.The annual interest rate over those 4 years is 8%.Your annual withdrawal will be:
A) $1691.90.
B) $1993.74.
C) $1789.37.
D) $660.87.
Correct Answer:
Verified
Correct Answer:
Verified
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