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You would like to retire while receiving $60,000 a year for 25 years. How much will you need to save? Use an interest rate of

You would like to retire while receiving $60,000 a year for 25 years. How much will you need to save? Use an interest rate of 4% (compounded once per period), a growth rate of 2% and assume payments are made at the beginning

A - 1,199.893.11

B- 1,153,743.38

C- 974,817.79

D- 1,190,542.65

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