Question

"suppose you inherited $870,000 and invested it at 8.25% per year. how much could you withdraw at the beginning of each of the next 20 years?"

Answer 1

I guess the correct answer is $83,386.89.

If you inherited $870,000 and invested it at 8.25% per year, the value you could withdraw at the beginning of each of the next 20 years is $83,386.89.