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Afer retirement, you expect to live for 2 5 years. You would like to have $ 8 1 , 0 0 0 in income each

Afer retirement, you expect to live for 25 years. You would like to have $81,000 in income each year. How much should you have saved in your retirement account to receive this income if the annual interest rate is 9 percent per year? (Assume that the payments start one year after your retirement.)
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$1,310,553.85
95,628.95
3
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