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Suppose You Inherited $645,000 and Invested It at 8

Question 101

Multiple Choice

Suppose you inherited $645,000 and invested it at 8.25% per year.How much could you withdraw at the beginning of each of the next 20 years?


A) $62,439.53
B) $56,875.61
C) $66,148.80
D) $61,821.31
E) $59,966.67

Correct Answer:

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