Pandaoutraged4421 Pandaoutraged4421

07-06-2023
Business

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Suppose you inherited $300,000 and invested it at 12% per year. How much could you withdraw at the end of each of the next 20 years (assuming you withdraw the same amount of money at the end of each year and there is nothing left after 20 years)?
a. $44,532
b. $38,959
c. $35,238
d. $40,163
e. $42,681

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