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Augustus McRae is retiring this year. He is setting up a retirement plan where he will withdraw $25,000 at the end of each year for

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Augustus McRae is retiring this year. He is setting up a retirement plan where he will withdraw $25,000 at the end of each year for the next 12 years. How much will he need to deposit, assuming his retirement account earns 3% interest? $248,850 O $300,000 O $1,135,362 0 $210,414 O None of these is correct

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