How much could you withdraw at the end of each of the next 20 years?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Suppose you earned a $273,000 bonus this year and invested it at 8.20% per year. How much could you withdraw at the end of each of the next 20 years?
Group of answer choices
$29,648
$32,703
$31,146
$34,370
$28,221
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