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Mathematics, 05.05.2020 09:36 justin5647

A woman puts $1 million dollars into a savings account that she is not going to touch. She isn’t going to work either but she will live off the interest. If the rate of interest on the account is 6 1/2% what is the amount she will make in interest? If her totally expenses last year is $47,000 will she be able to live off the interest? Justify your answer

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