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QUESTION 5 You just won the lottery! You wish to put away enough money so that you can withdraw $5,500 per month for 26 years.

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QUESTION 5 You just won the lottery! You wish to put away enough money so that you can withdraw $5,500 per month for 26 years. You can earn 11.7% rate on any funds you deposit. How much will you have to deposit now to meet your goal? (Note: Withdrawal frequency matches compounding frequency) O A $594,551 OB. 5886,890 oc $829,659 D $536,773 E 5771 203 OF. $653,143 G $480.100 H. $712,179

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