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(10) Assume a retiree has 90,000 and needs 12,000 per year to live. If interest rates are 8% per year, how long will the funds
(10) Assume a retiree has 90,000 and needs 12,000 per year to live. If interest rates are 8% per year, how long will the funds last? A. 11 years (with a little left over) B. 14 years C. 16 years (with a little left over) D. 23 years E. 25 years
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