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uinn wants to retire with $5,300,000 in the bank account 25 years from now. Assume the interest rate is 10.4% and it compounds annually. Assuming
uinn wants to retire with $5,300,000 in the bank account 25 years from now. Assume the interest rate is 10.4% and it compounds annually. Assuming Quinn currently has no assets reserves for his retirement; how much in payment should Quinn make each year to meet his goal of $5,300,000? O $47,256.24 O $31,554.71 O $52,353.24 O $50,736.92
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