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20) Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the next 25 years if the balance earns
20) Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the next 25 years if the balance earns 8% annually, and the first payment occurs 1 year from now? A. $1,067,000 B. $1,250,000 C. $2,315,000 D. $2,500,000
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