Question: Barry Cuda has estimated that he will live for 25 years after he retires at age 64. He would like to be able to withdraw

Barry Cuda has estimated that he will live for 25 years after he retires at age 64. He would like to be able to withdraw $95,000 annually from his retirement account for those 25 years assuming his account during retirement earns 5% annual interest. If Barry has 30 years until he retires, how much will he need to save annually at 10% to reach his goal?

Group of answer choices

$12,086

$10,237

$9,597

$8,140

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