You Currently Have $600,000

question 66

Multiple Choice

You currently have $600,000.00 in the bank and intend to withdrawal $60,000.00 from the account annually beginning next year. Assuming the account earns 10% annually, how long can you keep withdrawing $60,000.00 from the account?

• A)10 years
• B)Forever
• C)30 years
• D)50 years