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Suppose you earned a $280,000 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 $280,000 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. $29,051.22

b. $29,075.22

c. $29,069.22

d. $29,063.22

e. $29,057.22

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