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accounting help! Present and future value tables of $1 at 3% are presented below: Jimmy has $170, 604 accumulated in a 401k plan. The fund
accounting help!
Present and future value tables of $1 at 3% are presented below: Jimmy has $170, 604 accumulated in a 401k plan. The fund is earning a low. but safe. 3% per year. The withdrawals win take place at the end of each year staring a year from now. How soon will the fund be exhausted if Jimmy withdraws $20,000 each year? 12 years. 9 years. 13 years. 10 yearsStep by Step Solution
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