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How much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $25,000 a year for 3 years?
How much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $25,000 a year for 3 years? She expects to earn an average rate of return of 13 percent.
- A. $59,028.81
- B. $65,419.81
- C. $71,533.33
- D. $85,160.98
- E. $87,391.34
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
