[Solved] You Currently Have $185,000 in an Interest-Earning Account, and from This

Question 280
Multiple Choice

You currently have $185,000 in an interest-earning account, and from this account you wish to withdraw $15,000 annually for 25 years. What annual rate of return must you make on this account to meet your objective?

A) 9.38%
B) 8.38%
C) 7.38%
D) 6.38%
E) 5.38%

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