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Question 3 Randy has nothing in his retirement account. However, he plans to save $8,300.00 per year in his retirement account for each of the

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Question 3 Randy 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 11 years. His first contribution to his retirement account is expected in 1 year. Randy expects to earn 6.60 percent per year in his retirement account. Randy plans to retire in 11 years, immediately after making his last $8,300.00 contribution to his retirement account. In retirement , Randy plans to withdraw $50,000.00 per year for as long as he can. How many payments of S50.000.00can Randy expect to receive in retirement if he receives annual payments of $50,000.00 in retirement and his first retirement payment is received exactly 1 year after he retires? 2.90 plus or minus 0.2 payments) 271 plus or minus 2 payments) 3.90 (plus or minus 0-2 payments) Randy can make an infinite number of annual withdrawals of $50,000.00 in retirement . Dis not correct and neither A B, nor C is within.02 payments of the correct

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