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Question 34 3.04 pts Growing Annuity Problem: Set Calculator to BEGIN for this problem.....e., we are assuming Payments are at beginning of year (Annuity Due).

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Question 34 3.04 pts Growing Annuity Problem: Set Calculator to BEGIN for this problem.....e., we are assuming Payments are at beginning of year (Annuity Due). Assume you have just retired and you currently have $2,500,000 in your retirement account. How much can you withdraw each year for the next 30 years assuming: (a) Your expected return is 5% per year, and (b) you want to increase your payment by 2% per year to account for inflation. [NOTE: I have rounded the answer to whole dollars.) $84,398 O $155.776 O $136,548 $122.964

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