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? - 430

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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.$2,465.78

B.$3,408.88

C.$3,525.62

D.$5,008.76

Solution Description

If you have $20,000 in an account earning 8% annually, what constant amou