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Richard has a $400,000 investment and he wishes to withdraw $69,000 per year as an ordinary annuity. If the investment account earns 8% annually, how

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Richard has a $400,000 investment and he wishes to withdraw $69,000 per year as an ordinary annuity. If the investment account earns 8% annually, how long will his portfolio last? Select one: O a. 10.10 years O b. 7.10 years O c. 11.10 years O d. 8.10 years O e. 9.10 years

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