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Show Work You want to withdraw $25,000 each year for four years from your bank account to cover your college expenses. How much do you

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You want to withdraw $25,000 each year for four years from your bank account to cover your college expenses. How much do you need to have in your bank account today to cover your college expenses? Assume an annual interest rate of 5%. a. $88,648.76 b. $87,876.55 c. $107,753.10 d. $72,597.90

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