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Suppose You Earned a $275, 000 Bonus This Year and Invested

Question 40

Multiple Choice

Suppose you earned a $275, 000 bonus this year and invested it at 8.25% per year.How much could you withdraw at the end of each of the next 20 years?


A) $28, 532
B) $29, 959
C) $31, 457
D) $33, 030
E) $34, 681

Correct Answer:

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