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You are planning for her golden years. You will retire in 30 years, at which time you plan to begin withdrawing $60,000 annually. You expect

You are planning for her golden years. You will retire in 30 years, at which time you plan to begin withdrawing $60,000 annually. You expect to live for 25 years following your retirement. Your financial advisor thinks you can earn 8% annually. How much do you need to invest each year to prepare for your financial needs after your retirement?

a.

$7,743.09

b.

$4,031.85

c.

$5,653.85

d.

$2,853.62

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