Question: Barry Cuda has estimated that he will live for 30 years after he retires at age 67 . He would like to be able to

Barry Cuda has estimated that he will live for 30 years

Barry Cuda has estimated that he will live for 30 years after he retires at age 67 . He would like to be able to withdraw $90,000 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 9% to reach his goal? $14,626 $22,488 $16,891 $18,643

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