If you have $20,000 in an account earning 8% annually - 788

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If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of five years? 

A.$5,008.76

B.$3,408.88

C.$2,465.78

D.$3,525.62

 

 

Solution Description

If you have $20,000 in an account earning 8% annually, wha