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2) Henna is retiring with a pension fund of $500,000. She expects her retirement to last 25 years. At a rate of 4%, compounded semi-annually,

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2) Henna is retiring with a pension fund of $500,000. She expects her retirement to last 25 years. At a rate of 4%, compounded semi-annually, how much can she withdraw at the beginning of each year for 25 years? a) $11,478 b) $11,941 c) $30,893 d) $32,141 e) $29,896

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