You want to be able to withdraw $45,000 each year for 25 years. Your account earns...
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You want to be able to withdraw $45,000 each year for 25 years. Your account earns 9% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? $ c) How much of that money is interest? S You want to be able to withdraw $45,000 each year for 25 years. Your account earns 9% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? $ c) How much of that money is interest? S
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