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Anna was just hired at a salary of $75,000 and plans on investing 15% of her salary each year (over a 40-year career) in her
Anna was just hired at a salary of $75,000 and plans on investing 15% of her salary each year (over a 40-year career) in her 401K retirement plan. Assume Anna receives a 3% raise each year and earns 7% on her investments, the uniform annual amount she can withdraw from her 401K (beginning one year after her last deposit and continuing for a 25-year period) is closest to ... (5) Although 401K investments typically occur with each paycheck,assume that Annas investments occur at the end of each year.
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