question archive You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 in an account
You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 in an account
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You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 in an account. If the rate of return is 8% compounded monthly determine the value of the monthly withdrawals Multiple Choice
$1813.28
$1,61328
$1,413 28
$2.013 28
$121328
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