Problem $7-06$

A widow currently has a $$91,000$ investment that yields $6$ percent annually. Can she withdraw $$10,000$ for the next fifteen 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The maximum amount that can be withdrawn is $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 $$10,000$ for the next fifteen 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If the yield is $9$ percent the maximum amount that can be withdrawn is $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

withdraw $$10,000$ for the next fifteen years.