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Denald plans to rave $12.20000 per year yntl he retires. His first saings contribution to his retirement account is expected 1 year from today. Donald

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Denald plans to rave $12.20000 per year yntl he retires. His first saings contribution to his retirement account is expected 1 year from today. Donald plans to retire in 7 years. frem tody. in medately after making his last 519,200.00 coetribution to his tetirenent account. He then plams to be retied for 7 years. Donsld expects to earn 7.00 percent pef Dona's expect each of ha amual retirement payments to bet? 524,49661 (ghus or ehwes 510 ) 525,392 \&s (plus ar mhes 510 ) 530.831 C. (glus or mines 5t0) 528 als Q2 fiplus or mines 510 ) None of tha above is wehin 310 of the cerrect answe Donvid plans to save $19,200.00 per year untit he retires. His first sarings contribution to his retirement account is expected in 1 year from today, Donald plans to retife in 7 years from tedsy, immediately atter making his last 519.200.00 contribution to his retitement account. He then plans to be retired for 7 years. Donald expects to eam 7.00 percent per year in his retirement account, both before and during his retirement. If Donald recewes equal annual psyments from his reticemsent account ducing his refirement with the first of these annual retirement payments receved in 1 year atter he retires and the last of these annual retirement payments recelved in 7 years after he retires, then how much can Danald expect each of his annual retirement payments to bet $24,40601 (plus or minas $10 ) $25,502 as (plus or minus $10 ) 530.031.00 (plus of minus $10 ) $28.814.02 iplus or mines $10 ) Nees of the obove hithin 510 or the corect

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