"suppose you inherited $870,000 and invested it at 8.25% per year. how much could you withdraw at the beginning of each of the n

Question

yaroslaw [1]

3 years ago

9

"suppose you inherited $870,000 and invested it at 8.25% per year. how much could you withdraw at the beginning of each of the n

ext 20 years?"

Business

1 answer:

Juliette [100K] · Answer 1 · 2022-02-01T06:23:19+03:00

Juliette [100K]3 years ago

7 0

I guess the correct answer is $83,386.89.

If you inherited $870,000 and invested it at 8.25% per year, the value you could withdraw at the beginning of each of the next 20 years is $83,386.89.