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Thinking ahead to retirement, assume you will be able to earn a 12 percent return...

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Accounting

Thinking ahead to retirement, assume you will be able to earn a 12 percent return on your investments. If you have saved $250,000 and expect to live 19 more years when you retire, calculate the annual annuity you will be able to receive for 19 years. (Enter your answer as a positive number rounded to 2 decimal places.

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