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jenna turned 25 today and plans to retire at the age of 65, which is 40 years from today. she plans to save $12,000 end
jenna turned 25 today and plans to retire at the age of 65, which is 40 years from today. she plans to save $12,000 end of each year for next 40 years towards her retirement. she expects to receive a return of 6% per year. she expects to live until age 90. under these assumptions, how much can she withdraw at the end of each year of her 25 years in retirement (that is to withdraw from age 66 to 90).
A. $142,822.41
B. $145,278.25
C. $43,756.56
D. $152,314.61
E. $137,054.95
F. $154,933.06
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