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Required information Assume that 25 years ago your dad invested $280,000, plus $29,000 in years 2 through 5, and $47,000 per year from year 6

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Required information Assume that 25 years ago your dad invested $280,000, plus $29,000 in years 2 through 5, and $47,000 per year from year 6 orn Determine the annual retirement amount that he can withdraw forever starting next year (year 26), if the $47,000 annuity stopped at year 25. The interest rate being 10% per year The annual retirement amount is determined to be $

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