Question: Jack Rabbit has saved $10,000 annually for the last 35 years in an account eaming 8%. If Jack estimates that he will live for an
Jack Rabbit has saved $10,000 annually for the last 35 years in an account eaming 8%. If Jack estimates that he will live for an additional 25 years, how much would he be able to start withdrawing annually for his retirement ( 8% interest)? The answer should be one of these $120,139 $177,567 $161,424 $145,282
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