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Problem 7-06 A widow currently has a $80,000 investment that yields 7 percent annually. Can she withdraw $12,000 for the next ten years? Use Appendix
Problem 7-06 A widow currently has a $80,000 investment that yields 7 percent annually. Can she withdraw $12,000 for the next ten years? Use Appendix D to answer the question. Round your answer to the nearest dollar. The maximum amount that can be withdrawn is $ so she cannot withdraw $12,000 for the next ten years. Would your answer be different if the yield were 10 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the yield is 10 percent the maximum amount that can be withdrawn is $ so she can withdraw $12,000 for the next ten years
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