You have deposited $$100,000$ in an account and plan on withdrawing monthly payments for the next ten years from the account. If the rate of return is $8\%,$ determine the value of the monthly withdrawals.

$55$

Multiple Choice

$$1,213\mathrm{.}28$

$$1,613\mathrm{.}28$

$$2,013\mathrm{.}28$

$$ $$1,813\mathrm{.}28$You have deposited $$100,000$ in an account and plan on withdrawing monthly payments for the next ten years from the account. If the rate of return is $8\%,$ determine the value of the monthly withdrawals.

$55$

Multiple Choice

$$1,213\mathrm{.}28$

$$1,613\mathrm{.}28$

$$2,013\mathrm{.}28$

$$ $$1,813\mathrm{.}28$You have deposited $$100,000$ in an account and plan on withdrawing monthly payments for the next ten years from the account. If the rate of return is $8\%,$ determine the value of the monthly withdrawals.

$55$

Multiple Choice

$$1,213\mathrm{.}28$

$$1,613\mathrm{.}28$

$$2,013\mathrm{.}28$

$$ $$1,813\mathrm{.}28$