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

---

Definitions:

Histogram

A graphical representation of data using bars to show the frequency of numerical data intervals, emphasizing the distribution of data.

Time-series Data

A sequence of data points collected or recorded at successive time intervals.

Successive Points

Points or values that follow one another in a sequence or order.

Line Chart

A type of chart that displays information as a series of data points connected by straight line segments, often used to visualize trends over time.