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The first year after you retire you want to be able to withdraw $100,000 (at t = 1) from your savings account. Every year after
The first year after you retire you want to be able to withdraw $100,000 (at t = 1) from your savings account. Every year after that you want to increase your withdrawals by 2%. You expect that the account will earn 6% annual interest. How much money must you have in your savings account when you retire to make sure that your money lasts forever? O None of these $2,500,000.00 $2,550,000.00 0 $4,000.00
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