Question: Jack Rabbit has saved $12,000 annually for the last 35 years in an account earning 8%. If Jack estimates that he will live for an

Jack Rabbit has saved $12,000 annually for the last 35 years in an account earning 8%. If Jack estimates that he will live for an additional 30 years, how much would he be able to start withdrawing annually for his retirement ( 8% interest)? $183,677 $193,709 $225,993 $258,278 $271,664

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