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Kathy is 40 years old today and is beginning to plan for her retirement, with the first payment to come one year from now. She

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Kathy is 40 years old today and is beginning to plan for her retirement, with the first payment to come one year from now. She wants to set aside an equal amount at the end of each of the next 20 years so that she can retire at age 60. She expects to live to the maximum age of 85 and wants to be able to withdraw $125,000 per year from the account on her 61th through 85th birthdays. Her financial advisor advises her to invest in the Safety First bond, which the financial advisor expects to provide an average return of 8%. Assuming that 8% per annum will be realized for the entire period of time. Determine the size of the annual deposits that must be made by Kathy $29,158.43 $135,906.19. $156,250,00 $68,288.15

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