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A widow currently has a $84,000 investment that yields 5 percent annually. Can she withdraw $20,000 for the next five years? Use Appendix D to
A widow currently has a $84,000 investment that yields 5 percent annually. Can she withdraw $20,000 for the next five 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 The maximum amount that can be withdrawn is $ so she can/cannot withdraw $20,000 for the next five years.
Would your answer be different if the yield were 7 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the yield is 7 percent the maximum amount that can be withdrawn is $
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