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Question 42 (2 points) Stephanie collects an inheritance of $500000. She takes 30% in cash and invests the balance at j1 = 7% with the
Question 42 (2 points) Stephanie collects an inheritance of $500000. She takes 30% in cash and invests the balance at j1 = 7% with the intention of withdrawing 16 annual payments with the first payment in 3 years. What is the size of the payments she is able to withdraw? $69102.34 $53613.52 $78142.03 $42418.75 $40124.38
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