Question: Barry Cuda has estimated that he will live for 30 years after he retires at age 63.He would like to be able to withdraw $80,000

Barry Cuda has estimated that he will live for 30 years after he retires at age 63.He would like to be able to withdraw $80,000 annually from his retirement account for those 30 years assuming his account during retirement earns 6% annual interest.If Barry has 25 years until he retires, how much will he need to save annually at 10% to reach his goal?

Group of answer choices

$14,086

$13,237

$12,655

$11,197

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