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I need the answer as soon as possible You have just retired with...

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Accounting

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You have just retired with savings of $1.5 million. If you expect to live for 30 years and to earn 8% a year on your savings, how much can you afford to spend each year? Assume that you spend the money at the end of each year. Select one: O a. $112,148.50 O b. $120,000.00 O c. None of these solutions is correct. O d. $123,371.44 O e. $133,241.15

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