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ANSWER MUST BE ONE OF THE OPTIONS. XYZ has nothing in his retirement account. however he plans to save $8000 per year in his returement
ANSWER MUST BE ONE OF THE OPTIONS.
XYZ has nothing in his retirement account. However, he plans to save 58.000 per year in his retirement account for each of the next 17 years storbution to retirement year. XYZ expects to earn 6.3 percent per year in his retirement account. XYZ plans to retire in 17 years, immediately after making his last stortion to start at 2 plans to withdraw 535,000 per year for as long as he can. How many payments of $35.000 can expect to receive informeren en ontwer retirement payment is received exactly 1 year after he retires? 8.84 (plus or minus 2 payments) 6.62 (plus or minus 2 payments) 5.42 (plus or minus 02 payments) XYZ can make an infinite number of annual withdrawals of $35.000 in retirement Dis not correct and neither A B nor is within 02 payments of the correct XYZ has nothing in his retirement account. however he plans to save $8000 per year in his returement account for each of the bext 17 years. hus furst ckntribution to his returement account is expected in 1 year. xyz expects to earn 6.3 percent per year in his retirement accoubt. xyz plabs to reture ub
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