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Quantitative Problem 2-iou and your wife are meking plans for retirement, You plan on living 25 yeurs after you retire and would like to heve

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Quantitative Problem 2-iou and your wife are meking plans for retirement, You plan on living 25 yeurs after you retire and would like to heve $75,000 annually on which to live. Your first withdrawal will be made one yenr after you retire and you anticipote that your retirement occeunt will earn 10%6 annualy. a. What amount do vou need in your retirement account the day you retirn? Do not round intermediate calculations, found your answer to the nearest cent. b. Assume that your first withdraw will be mode the day you retire. Under this assumption, what amount do you now need in your retirement account the day you retire? Do net round intermediate cakulatione. Round your aniwer to the peareit cent

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