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Question
Your aunt wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her invested funds. How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account?a. $28,243.21
b. $29,729.70
c. $31,294.42
d. $32,859.14
e. $34,502.10
Answer
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