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A widow currently has a $82,000 investment that yields 6 percent annually. Can she withdraw $12,000 for the next ten years? Use Appendix D to
A widow currently has a $82,000 investment that yields 6 percent annually. Can she withdraw $12,000 for the next ten years? Use Appendix D to answer the question. Round your answer to the nearest dollar. The maximum amount that can be withdrawn is $..... so she (Select: can/cannot) withdraw $12,000 for the next ten years.
Interest Factors for the Present Value of an Annuity of One Dollar Would your answer be different if the yield were 8 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the yield is 8 percent the maximum amount that can be withdrawn is $....so she (Select:can/cannot) withdraw $12,000 for the next ten years.
Appendix D
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