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25 Your best friend tumed 35 years old today and she is planning to save $5,000 per year for retirement. Her first deposit will be

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25 Your best friend tumed 35 years old today and she is planning to save $5,000 per year for retirement. Her first deposit will be be made ONE (1) year from today. She will invest in a mutual fund that will provide a return of 8.000% per year. She plans to retire 30 years from today, when she turns 65 Your friend has decided she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend in each year after she retires? Her first withdrawal will be made at the beginning of her first retirement year (at age 65). $49,338.35 $45,313.28 $53,061.16 $49,130.71 O $54,306.06

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