Question: A widower currently has $ 1 0 7 , 5 0 0 yielding 8 percent annually. Can he withdraw $ 1 8 , 2 3

A widower currently has $107,500 yielding 8 percent annually. Can he withdraw $18,234 a year for the next ten years? If he cannot, what return must he earn in order to withdraw $18,234 annually?

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