Multiple Choice
Annie Laerz wants to invest $10,000 on January 1,2014,so that she may withdraw 10 annual payments of equal amounts beginning January 1,2029.If the fund earns 10% annual interest over its life,what will be the amount of each of the withdrawals?
A) $10,000
B) $14,709
C) $16,181
D) $28,402
Correct Answer:
Verified
Correct Answer:
Verified
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