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If Smokey earns 6% on the accumulated amount from Question 5, how much can he withdraw each year for the next 25 years before depleting
If Smokey earns 6% on the accumulated amount from Question 5, how much can he withdraw each year for the next 25 years before depleting his accumulation?
| a. | $21,280.85 | |
| b. | $25,210.41 | |
| c. | $23,191.52 | |
| d. | $27,457.29 |
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Banker To The World
Authors: William Rhodes
1st Edition
0071704256, 978-0071704250
