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Over the past 50 years your parents saved money each month for their retirement. They retired this week and expect to live another 5 years.

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Over the past 50 years your parents saved money each month for their retirement. They retired this week and expect to live another 5 years. Their investment account is currently valued at $150,000 and is expected to earn 6 percent annually in the future. How much money can they withdraw annually if they wish to spend all of their money during their lifetime? $5,158.75$6,038.59$60,269.75$35,609.46 Question 35 (2.5 points) You just won a prize and will receive $5,000 today plus $5,000 one year from now. What is this prize worth to you today if you can earn 9 percent annually on your investments? $9,587.16$10,000.00$10,450.00$9,174.31

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