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A widow currently has a $85,000 investment that yields 6 percent annually. Can she withdraw $13,000 for the next ten years? The maximum amount that
A widow currently has a $85,000 investment that yields 6 percent annually. Can she withdraw $13,000 for the next ten years? The maximum amount that can be withdrawn is $ ? so she can or cannot withdraw $13,000 for the next ten years?
Would your answer be different if the yield were 9 percent? Round your answer to the nearest dollar. If the yield is 9 percent the maximum amount that can be withdrawn is $? so she can or cannot withdraw $13,000 for the next ten years?
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