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21. Problem 7-21 LID eBook Problem 7-21 Auntie Kitty sells her home for 5150,000, which is the invested to earn 4 percent annually. If her

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21. Problem 7-21 LID eBook Problem 7-21 Auntie Kitty sells her home for 5150,000, which is the invested to earn 4 percent annually. If her life expectancy fifteen years, what is the maximum amount the can annually spend on a nursing home, doctors, and taxes Use Appendix D to answer the question, Round your answer to the nearest dollar The maximum amount that can be annually spend is $ If the return were to double to 8 percent, will the amount she may send each year more than double? Use Apendix D to answer the question, Hound your answer to the nearest dollar If the return were to double, the amount that can be annually spend will delete and will be equal to more than daha less than double Save & Continue double Continue without saving

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