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Question 2 0.5 pts Claire plans to withdraw $62,000 each year from her retirement account for a 22-year period. The account earns 6.5% annual interest.
Question 2 0.5 pts Claire plans to withdraw $62,000 each year from her retirement account for a 22-year period. The account earns 6.5% annual interest. How much does Claire need to have in the account at the beginning of her retirement, in order to allow these withdrawals? O $2,858,301.41 O $204,437.94 O $77,513.16 O $715,182.13 Question 3 0.5 pts Bruce plans to withdraw $200,000 each year from his retirement account for a 28-year period. The account earns 10.00% annual interest. How much does Bruce need to have in the account at the beginning of his retirement, in order to allow these withdrawals? 0 $213,868.67 O $26,841,987.22 O $653,783.36 O $1.861.313.30 Question 4 0.5 pts Roger needs to have $1,500,000 on the day he retires 35 years from now. If he earns 11.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal? O $304.36 O $14,054.36 O $3,571.43 O $36,543.60 Question 5 0.5 pts Jared plans to withdraw $7,000 each month from his retirement account for a 29-year period. The account earns 8.5% annual interest. How much does Jared need to have in the account at the beginning of his retirement, in order to allow these withdrawals? Assume monthly compounding. O $903,493.41 O $21,366.61 O $7,600.26 O $74,622.28
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