Multiple Choice
You have accumulated $800,000 for your retirement.How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 7% for thirty years?
A) $64,469.12
B) $60,251.52
C) $8,469.12
D) $9,061.96
Correct Answer:
Verified
Correct Answer:
Verified
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