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Eugene plans to retire in 5 years with $ 2 3 2 , 0 0 0 . 0 0 in his account, which has an

Eugene plans to retire in 5 years with $232,000.00 in his account, which has an annual return of 11.53 percent. If he receives payments of $50,662.44 per year and he receives his first $50,662.44 payment in 6 years, then how many payments of $50,662.44 can Eugene expect to receive?
6.88 payments
5.88 payments
2.94 payments
3.35 payments
the answer cannot be obtained based on the given information

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