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You have $100,000 and must spend the principle and interest earned in the next 5 years. You will spend at the end of each year.
You have $100,000 and must spend the principle and interest earned in the next 5 years. You will spend at the end of each year. How much must you spend each of the last 4 years if you spend $60,000 the first year? How earn 9% interest each year.
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