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Suppose you earned a $230,000 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 $230,000 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. $23,854.81
b. $23,880.91
c. $23,889.61
d. $23,863.51
e. $23,872.21

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