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Mary plans to retire in 15 years, and she wants to withdraw $150,000 per year for 40 years. Her account earns 8% compounded annually. How

Mary plans to retire in 15 years, and she wants to withdraw $150,000 per year for 40 years. Her account earns 8% compounded annually. How much does she need to save each year ?

65,876.71

4,956.15

6,587.67

49,561.46

none of the above

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