Problem $7-06$

A widow currently has a $$96,000$ investment that yields $5$ percent annually. Can she withdraw $$13,000$ for the next ten 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The maximum amount that can be withdrawn is $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

withdraw $$13,000$ for the next ten years.

Would your answer be different if the yield were $8$ percent? Use Appendix $D$ to answer the question. Round your answer to the nearest dollar.

If the yield is $8$ percent the maximum amount that can be withdrawn is $

so she $-$select$-$

ithdraw $$13,000$ for the next ten years.

can

cannot