Determine what the most you could withdraw at the end

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Reference no: EM132012852

Suppose you inherited $100,000 and invested it at 7% per year. What is the most you could withdraw at the end of each of the next 10 years and have a zero balance at Year 10?

How would your answer change if you made withdrawals at the beginning of each year?

Reference no: EM132012852

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