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3. Currently you have just turned 20 years old, and you have won a lottery for $100,000 you invested it in a bank that offers
3. Currently you have just turned 20 years old, and you have won a lottery for $100,000 you invested it in a bank that offers you a 5.6% interest rate quarterly basis. You decide to never withdraw any dollars from this account until you retire at age 65 years old. Then how much you expect to withdraw each month after you retire if you expect that you will live for 25 years more and interest will turn to be 6% monthly basis after your retirement. * O A) $2,018 O B) $2,588 O C) $7,869 D) $35,013 E) None of the above
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