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How much could you withdraw at the end of each of next years

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Question - Suppose you earned a $115,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years?

a. $11,940.75

b. $11,927.25

c. $11,945.25

d. $11,931.75

e. $11,936.25

Reference no: EM133106340

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