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Question 7 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 7 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. Now you want to consider how you could preserve your retirement savings to pass along as an inheritance to your children What TVM formula should you use to calculate how much you could withdraw annually so that your retirement savings would last forever? A. Sinking Fund Deposit (SFD) B. Fundamental Capitalization Formula C. Single Payment Present Value (SPPV) D. Capital Recovery (CR)
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