Multiple Choice
You will deposit $2,000 today. It will grow for six years at 10% interest compounded semi-annually. You will then withdraw the funds annually over the next four years at the end of each year. The annual interest rate is 8%. Your annual withdrawal will be approximately ______.
A) $2,340
B) $4,332
C) $797
D) $1,085
Correct Answer:
Verified
Correct Answer:
Verified
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