Question: can you please help me understand this question? You have $2.5 million in an account earning 5% annual interest and want to withdraw $500 per
can you please help me understand this question?
You have $2.5 million in an account earning 5% annual interest and want to withdraw $500 per day from that account. For how many years can you will you be able to do that?
- A.13.75 years
- B.10.44 years
- C.8,431.82 years
- D.23.10 years
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