QUESTION 2 Dan plans to retire in 6 years with $211,000.00 in his...

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Accounting

QUESTION 2
Dan plans to retire in 6 years with $211,000.00 in his account, which has an annual return of 9.98 percent. If he receives payments of $35,034.54 per year and he receives his first $35,034.54 payment in 7 years, then how many payments of $35,034.54 can Dan expect to receive?
3.88 payments
8.31 payments
9.66 payments
4.36 payments
the answer cannot be obtained based on the given information
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