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When you retire, you wish to have enough money saved so that you can withdraw $100,000 a year for 30 years, with the first withdrawal

When you retire, you wish to have enough money saved so that you can withdraw $100,000 a year for 30 years, with the first withdrawal occurring at the end of the year. How much do you need to have saved, assuming you will earn 4% on your money during retirement?

A. $1,729,203

B. $3,000,000

C. $1,798,371

D. $2,884,615

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