(Ignore income taxes in this problem.) You have deposited $16,700 in a special account that has a guaranteed rate of return of 11% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of each of the next 6 years? Select the amount below that is closest to your answer.
A)$3,465
B)$3,089
C)$2,783
D)$3,947

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The Answer of (Ignore income taxes in this problem.) You have deposited $16,700 in a special account that has a guaranteed rate of return of 11% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of each of the next 6 years? Select the amount below that is closest to your answer.
A)$3,465
B)$3,089
C)$2,783
D)$3,947

(Ignore Income Taxes in This Problem