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A financial advisor recommends saving $1,000,000 for a comfortable retirement. With investment returns of 8% compounded annually, what is the annual beginiing of the year

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A financial advisor recommends saving $1,000,000 for a comfortable retirement. With investment returns of 8% compounded annually, what is the annual beginiing of the year cash flow generated by the $1 million for 25 years, assuming you spend all of the principal and interest? A) $80,000 B) $86,740 C) $94,978 D) $93,679

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