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Kenny wishes to retire at the age of 65 and withdraw $33,000.00 from his retirement account at the end of each year for the next
Kenny wishes to retire at the age of 65 and withdraw $33,000.00 from his retirement account at the end of each year for the next 25 years.
If the money in the retirement account earns 8.7% compounded annually, how much should Kenny have in the account at the age of 65?
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