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Question 3 (1 point) Suppose you inherited $1,000,000 and invested it at 6% per year. How much could you withdraw in equal amounts the beginning
Question 3 (1 point) Suppose you inherited $1,000,000 and invested it at 6% per year. How much could you withdraw in equal amounts the beginning of each of the next 20 years assuming that you want $50,000 at the end? a) $80,967.29 Ob) $57,574.71 Oc) $99,230.40 d) $82,249.58 e) $97,562.66 Question 4 (1 point) What's the present value of $10,000 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a) $8506.28 Ob) $8150.51 Oc) 87413.72 Od) 6090.49 O e) $799.20
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