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How much could withdraw at the beginning

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Problem 1: Suppose you inherited $800,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years?

Select the correct answer.

a. $76,677.60

b. $76,606.40

c. $76,659.80

d. $76,624.20

e. $76,642.00

Reference no: EM132965149

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