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Business, 15.04.2021 16:00 impura12713

Auntie Mary sells her home for $200,000, which is then invested to earn 5 percent annually. If her life expectancy is ten years, what is the maximum amount she can annually spend on a nursing home, doctors, and taxes. If the return were to double to 10 percent, will the amount she may spend each year more than double?

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Auntie Mary sells her home for $200,000, which is then invested to earn 5 percent annually. If her l...

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