Question: Question 2 2 points Save Answer Paul has nothing in his retirement account. However, he plans to save $9,000.00 per year in his retirement account

Question 2 2 points Save Answer Paul has nothing in his

Question 2 2 points Save Answer Paul has nothing in his retirement account. However, he plans to save $9,000.00 per year in his retirement account for each of the next 13 years. His first contribution to his retirement account is expected in 1 year. Paul expects to earn 6.50 percent per year in his retirement account. Paul plans to retire in 13 years, immediately after making his last $9,000.00 contribution to his retirement account. In retirement, Paul plans to withdraw $44,000.00 per year for as long as he can. How many payments of $44,000.00 can Paul expect to receive in retirement if he receives annual payments of $44,000.00 in retirement and his first retirement payment is received exactly 1 year after he retires? 5.77 (plus or minus 0.2 payments) 4.43 (plus or minus 0.2 payments) 4.77 (plus or minus 0.2 payments) Paul can make an infinite number of annual withdrawals of $44,000.00 in retirement D is not correct and neither A, B, nor C is within .02 payments of the correct answer 0000

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