Use estimation to select the best response in Problems 5-14. Do not calculate. In order to retire

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Use estimation to select the best response in Problems 5-14. Do not calculate.

In order to retire and live on the interest only, what is a reasonable amount to have in the bank?
A. \(\$ 300\)
B. \(\$ 10,000\)
C. \(\$ 1,000,000\)
D. impossible to estimate

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