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A client has $1 million in assets, but intends to withdraw $50,000 next year as a down payment on a house. The investor has stated
A client has $1 million in assets, but intends to withdraw $50,000 next year as a down payment on a house. The investor has stated he does not want to invade principal when he withdraws the $50,000. What is the minimum return his investment portfolio must earn that will enable him to withdraw the money without dipping into principal?
A) $50,000
B) 5%
C) 10%
D) 20%
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