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Ali is ready to retire. Currently, his bank statement indicates that he has $750,000. If the funds remain in an account earning 9%, how much
Ali is ready to retire. Currently, his bank statement indicates that he has $750,000. If the funds remain in an account earning 9%, how much could Ali withdraw at the beginning of each year for the next 25 years? Round your answer to the nearest dollar.
Select one:
a. $70,050
b. $35,830
c. $2,500
d. $55,620
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