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A widow currently has a $ 9 1 , 0 0 0 investment that yields 7 percent annually. Can she withdraw $ 1 4 ,
A widow currently has a $ investment that yields percent annually. Can she withdraw $ for the next ten years?
The maximum amount that can be withdrawn is $ so she withdraw $ for the next ten years.
Would your answer be different if the yield were percent?
If the yield is percent the maximum amount that can be withdrawn is $ so she withdraw $ for the next ten years.
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