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You have $2,000,000 in your retirement account. To support your standard of living during retirement, your plan is to withdraw an equal amount from the

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You have $2,000,000 in your retirement account. To support your standard of living during retirement, your plan is to withdraw an equal amount from the account at the end of each year for the next 25 years and then have nothing left in the account at the end. Your retirement account will be earning 6.25% per year during the 25 years. How much can you withdraw each year in your retirement? A) $187,239.81 B) $156,658.31 C) $160,189.24 D) $179,822.75

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