Amount withdraw at the beginning of each of the next years


Suppose you inherited $870,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years?

a. $67,543.38

b. $76,715.94

c. $99,230.40

d. $83,386.89

e. $97,562.66

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Accounting Basics: Amount withdraw at the beginning of each of the next years
Reference No:- TGS073919

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