Problem $7-06$

Problem $7-06$ The maximum amount that can be withdrawn is $ so she withdraw $$11,000$ for the next fifteen years.

Would your answer be different if the yield were $9$ percent? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the yield is $9$ percent the maximum amount that can be withdrawn is $ so she $-$ Select$-$ withdraw $$11,000$ for the next fifteen years.

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