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Suppose you inherited $175,000 and invested it at 6.50% per year. How much could you withdraw at the end of each of the next 20

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Suppose you inherited $175,000 and invested it at 6.50% per year. How much could you withdraw at the end of each of the next 20 years? Select one: a. $21,606.85 b. $18,883.30 c. $18,157.02 d. $14,888.75 e. $15,882.37 Your bank offers to lend you $120,000 at an 8.5% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2? Select one: a. $7,254.82 b. $10,428.81 c. $9,512.44 d. $8,615.10 e. $9,068.53

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