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Your aunt wants to retire and has $1,020,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her
Your aunt wants to retire and has $1,020,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her invested funds. How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account? Select the correct answer. a. $85,135.62 b. $85,120.82 c. $85,165.22 d. $85,150.42 e. $85,106.02 You are hoping to buy a new boat 3 years from now, and you plan to save $4,700 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2\% interest. How much will you have just after you make the 3 rd deposit, 3 years from now? Select the correct answer. a. 14,860.31 b. 14,865.11 c. 14,850.71 d. 14,845.91 e. 14,855.51
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