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pleas help! quickly!! will thumbs up if correct!:) Currently, Ally Gator has saved $15,000 in her retirement account. Ally plans on saving $6000 annually for
pleas help! quickly!! will thumbs up if correct!:)
Currently, Ally Gator has saved $15,000 in her retirement account. Ally plans on saving $6000 annually for next 35 years and she assumes that she will earn 7% annually up until she retires. Ally is afraid that she will run out of money during her retirement so she plans on applying the principles of a perpetual annuity to her retirement savings. If Ally plans to earn 3% annually during her retirement years, how much will she be able to withdraw annually forever? $29,688 $39,365 O $52,305 O $60,813 Step by Step Solution
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