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Question 5 3 points Save Answer You have reached retirement age and the balance in your retirement account is $2,500,000. To be safe, you reinvest
Question 5 3 points Save Answer You have reached retirement age and the balance in your retirement account is $2,500,000. To be safe, you reinvest this money into an account which pays a fixed return of 4% per year. You want to plan for this retirement savings to last 25 years. What TVM formula should you use with the information above to calculate how much you could withdraw each year from your retirement fund? A. Sinking Fund Deposit (SFD) B. Fundamental Capitalization Formula C. Capital Recovery (CR) D. Single Payment Present Value (SPPV)
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