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Question 3 ( 1 point ) Which is the lump - sum amount needed to generate a retirement income of $ 3 6 0 0

Question 3(1 point)
Which is the lump-sum amount needed to generate a retirement income of $36000 per year for 25 years, assuming interest at 9% per year, compounded annually?
a) $349438.02
b) $353612.87
c) $357443.00
d) $326773.44
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