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You expect to live 20 years beyond retirement and want to be able to withdraw $30,000 at the beginning of each year during this period.

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You expect to live 20 years beyond retirement and want to be able to withdraw $30,000 at the beginning of each year during this period. If your retirement account can earn an 8% annual rate of return, how much money must be in this account just before you retire? $264,547 $318,108 $288,084 $298,503 $311,995

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