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Suppose you earned a $115,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each

Suppose you earned a $115,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years?

Select the correct answer.

a. $11,911.95

b. $11,931.75

c. $11,905.35

d. $11,925.15

e. $11,918.55

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