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How much money does Kyle need in his retirement account today if he wants to withdraw $22,500 at the end of every year for 20

How much money does Kyle need in his retirement account today if he wants to withdraw $22,500 at the end of every year for 20 years? He expects the retirement account will earn an average rate of return of 8 percent. Multiple Choice $200,419 $242,683 $257,119 U $220,908

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