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Tom and Edna want to retire in 10 years. They currently have $545,000 in their retirment account. Their financial planner estimates that they will need

Tom and Edna want to retire in 10 years. They currently have $545,000 in their retirment account. Their financial planner estimates that they will need $755,000 in their retirement account at retirement age to augment Edna's pension and their combined social security income. If Tom and Edna can earn 6% in every year EXCEPT year 4, how much will they have at their date of retirement? (Round your answer to two decimal places). Choose the correct option
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Tom and Edna want to retire in 10 years. They currently have $545,000 in their retirment account. Their financial planner estimates that they will need $755,000 in their retirement account at retirement age to augment Edna's pension and their combined social security income. If Tom and Edna can earn 6% in every year EXCEPT year 4 , how much will they have at their date of retirement ? (Round your answer to two decimal places). Multiple Choice $955,811.01 $911,098.43 $920,766.03 none of the choices is correct $976,011.01

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