End of each of the next 20 Suppose you earned a $555,000 bonus this year and invested it at 8.25% per year. How much could you withdraw

years?

Select the correct answer.

a. $57,592.18

b. $57,500.68

c. $57,575.18

d. $57,609.18

e. $57,583.68

Annual withdraw= $57,583.68

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $555,000

Interest rate (i)= 0.0825

Number of periods (n)= 20

To calculate the annual withdrawals, we need to use the following formula:

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (555,000*0.0825) / [1 - (1.0825^-20)]

Annual withdraw= $57,583.68

answer: yes, since the line has a steeper rate of change than the exponential the y-values will be greater and they will only intersect one time.

idk what the heck he answer is, i’m just putting this here so i finish my account