How much could you withdraw at the beginning of each

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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?

Answer
$67,543.38
$76,715.94
$99,230.40
$83,386.89
$97,562.66

 

Reference no: EM13294833

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