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If Allison has saved $1,000,000 upon retirement, how much can she live on each year if she can earn 6% per year and will end
If Allison has saved $1,000,000 upon retirement, how much can she live on each year if she can earn 6% per year and will end with $0 when she expects to die 25 years after retirement? a) $295,334 b $20,953 c) $70,952 d) $78,229
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