Question: Please answer the follwing question:- A widow currently has a $94,000 investment that yields 6 percent annually. Can she withdraw $23,000 for the next five
Please answer the follwing question:-
A widow currently has a $94,000 investment that yields 6 percent annually. Can she withdraw $23,000 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 The maximum amount that can be withdrawn is $ so she -Select-cancannotItem 2 withdraw $23,000 for the next five years.
Would your answer be different if the yield were 9 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar. If the yield is 9 percent the maximum amount that can be withdrawn is $ so she -Select-cancannotItem 4 withdraw $23,000 for the next five years.
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