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Your aunt wants to retire and has $1,060,000. 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 $1,060,000. 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 thebeginningof each of the next 25 years and end up with zero in the account?

Select the correct answer.

a. $88,458.89b. $88,473.09c. $88,487.29d. $88,430.49e. $88,444.69

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