You have $2.1 million in an account that earns 4% per year. You withdraw $86,000 per year

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You have $2.1 million in an account that earns 4% per year. You withdraw $86,000 per year with the first withdrawal one year from now.

A. How many full $86,000 withdrawals can you make?

B. What would be the amount of your final, partial withdrawal?

Related Book For answer-question

Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

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Posted Date: Nov 21, 2022 01:36 AM

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You have $2.1 million in an account that earns 4% per year. You withdraw $86,000 per year

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The WACC for this project can be calculated as follows Cost of Debt Cost of Deb... View the full answer

Financial Statement Analysis

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