[Solved] Suppose you earned a $160,000 bonus this

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Suppose you earned a $160,000 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 $160,000 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. $16,577.10

b. $16,594.80

c. $16,588.90

d. $16,583.00

e. $16,600.70

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