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Bartholomew plans to retire in 6 years from today with $600,000 in his retirement account, which has an annual return of 3.4 percent. If he
Bartholomew plans to retire in 6 years from today with $600,000 in his retirement account, which has an annual return of 3.4 percent. If he receives 14 annual retirement payments of X and his first retirement payment is received in 6 years from today, then what is X, the amount of each retirement payment? A. Answer not listed or not possible. B. $112,231 C. $42,857 D. $43,958 E. $52,779
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