You are ready to retire. A glance at your 401(k) statement indicates t

You are ready to retire. A glance at your 401(k) statement indicates that you have $750,000. If the
funds remain in an account earning 9.0%, how much could you withdraw at the beginning of each
year for the next 25 years?

A) $55,620 B) $35,830 C) $2,500 D) $70,050

ANSWER

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