You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increa
2 answers:
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Answer:
annual withdrawal = $15096.04
Explanation:
given data
present value = $50,000
annual rate = 8%
time = 4 year
to find out
How much can you withdraw each year
solution
we find here annual withdrawal amount that is express as
annual withdrawal = ................1
here r is rate and t is time
so put here value we get
annual withdrawal =
annual withdrawal =
annual withdrawal = $15096.04