Question
ph has nothing in his retirement account However, he plans to save $8,300.00 per year in his retirement account for each of the next 13
ph has nothing in his retirement account However, he plans to save $8,300.00 per year in his retirement account for each of the next 13 years. His first contribution to his irement account is expected in 1 year. Ralph expects to earn 7.80 percent per year in his retirement accountRalph plans to retire in 13 years, immediately after making his 300.00 contribution to his retirement accountIn retirement , Ralph plans to withdraw $41,000.00 per year for as long as he can. How many payments of $ 41,000.00 can xpect to receive in retirement if he receives annual payments of $ 41,000.00 in retirement and his first retirement payment is received exactly 1 year after he retires ? 5.43 (plus or minus 0.2 payments ) O6.43 (plus or minus 0.2 payments ) (plus or minus 0.2 payments ) Ralph can make an infinite number of annual withdrawals of $ 41,000.00 in retirement is not correct and neither A, Bnor C is within 02 payments of the correct answe
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