Question: 1. Problem 7-06 eBook Problem 7-06 A widow Currently has a $86,000 investment that yields 5 percent annually. Can she withdraw $9,000 for the next
1. Problem 7-06 eBook Problem 7-06 A widow Currently has a $86,000 investment that yields 5 percent annually. Can she withdraw $9,000 for the next fifteen years? Use Appendix D to answer the question. Round your answer to the nearest dollar The maximum amount that can be withdrawn is $ So she See withdraw $9,000 for the next fifteen years. Would your answer be different if the yield were 7 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar If the yield is 7 percent the maximum amount that can be withdrawn is $ so she withdraw $9,000 for the next fifteen years
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