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Problem $7-06$

A widow currently has a $$82,000$ investment that yields $7$ percent annually. Can she withdraw $$21,000$ for the next five 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The maximum amount that can be withdrawn is $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

$-$Select$-$

withdraw $$21,000$ for the next five years.

Would your answer be different if the yield were $10$ percent? Use Appendix D to answer the question. Round your answer to the nearest dollar.

If the yield is $10$ percent the maximum amount that can be withdrawn is $

so she

$-$Select$-$

withdraw $$21,000$ for the next five years.