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Suppose You Inherited $275, 000 and Invested It at 8

Question 115

Multiple Choice

Suppose you inherited $275, 000 and invested it at 8.25% per year.How much could you withdraw at the beginning of each of the next 20 years?


A) $22, 598.63
B) $23, 788.03
C) $25, 040.03
D) $26, 357.92
E) $27, 675.82

Correct Answer:

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