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After retirement, you expect to live for 25 years. You would like to have $75,000...

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After retirement, you expect to live for 25 years. You would like to have $75,000 income each year. How much should you have saved in your retirement account to receive this income, if the annual interest rate is 9 percent per year? (Assume that the payments start on the day of your retirement.) Multiple Choice $1,427,831.93 $2,043,750.21 S736,693.47 . S802,995.88

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