hsou1997 hsou1997

02-11-2017
Mathematics

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At age 2 you inherited $219000 and invested it at 12.5% compounded annually. How much can you withdraw annually in order to deplete the account if the first withdrawal is at age 20 and the last is at age 50? Note: your answer must be within $100 of the correct answer.

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Flickondemlike Flickondemlike

02-11-2017

When you divide a whole number by a decimal less that 1, the quotient is greater than the whole number.

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