Ms. Henry accumulates $800,000 and retires. She can earn 3% interest rate on her account. If she

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Ms. Henry accumulates $800,000 and retires. She can earn 3% interest rate on her account. If she withdraw a constant amount the beginning of each year, how much can she spend each year so her saving can support 25 years of living? Select one: a. $51,448.75 b. $44,604.17 c. $48,250.37 d. $46,230.52

Posted Date: Jul 02, 2024 01:00 AM

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Ms. Henry accumulates $800,000 and retires. She can earn 3% interest rate on her account. If she

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