Multiple Choice
You currently have $600,000.00 in the bank and intend to withdrawal $60,000.00 from the account annually beginning next year. Assuming the account earns 10% annually, how long can you keep withdrawing $60,000.00 from the account?
A) 10 years
B) Forever
C) 30 years
D) 50 years
Correct Answer:
Verified
Correct Answer:
Verified
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