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A widower currently has $ 1 0 7 , 5 0 0 yielding 8 percent annually. Can he withdraw $ 1 8 , 2 3

A widower currently has $

107, 500

yielding

8

percent annually. Can he withdraw $

18, 234

a year for the next ten years? If he cannot, what return must he earn in order to withdraw $

18, 234

annually?

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