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Problem $7-03$

A $45-$year$-$old woman decides to put funds into a retirement plan. She can save $$2,000$ a year and earn $6$ percent on this savings. How much will she have accumulated if she retires at age $65?$ Use Appendix $C$ to answer the question. Round your answer to the nearest dollar.

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At retirement how much can she withdraw each year for $20$ years from the accumulated savings if the savings continue to earn $6$ percent? Use Appendix D to answer the question. Round your answer to the nearest dollar.