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Auntie Kitty sells her home for $150,000, which is then invested to earn 4 percent annually. If her life expectancy is ten years, what is

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Auntie Kitty sells her home for $150,000, which is then invested to earn 4 percent annually. If her life expectancy is ten years, what is the ma amourit she can annually spend on a nursing home, doctors, and taxns? Use Appendix 0 to answer the question. Round your answer to the ne deliar. The maximum amount that can be annually npend is 5 If the return were to double to n percent, will the amount she may spend each year more than doubdez use Appendix D to answor the questio your answer to the nearest itollar. If the return were to double, the amount that can be annually spend will and will be equal to ss

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