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Nola Has $1, 000, 000 in Her Retirement Account

Question 51

Multiple Choice

Nola has $1, 000, 000 in her retirement account.She wants to make 20 equal withdrawals, beginning immediately.The investment plan earns 6%.How much should each withdrawal be?


A) $82, 250
B) $84, 005
C) $84, 548
D) $87, 185

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