How much could withdraw at the end

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Reference no: EM132929519

Problem 1: Your father has RM500,000 and wants to retire. He expects to live for another 20 years, and to be able to earn 8% on his invested funds. How much could he withdraw at the end of each of the next 20 years?

Select one:

a. RM54,764.40

b. RM50,926.10

c. RM55,119.76

d. RM53,431.83

Reference no: EM132929519

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