Multiple Choice
You are ready to retire.A glance at your 401(k) statement indicates that you have $750,000.If the funds remain in an account earning 9.0%,how much could you withdraw at the beginning of each year for the next 25 years?
A) $55,620
B) $70,050
C) $35,830
D) $2,500
Correct Answer:
Verified
Correct Answer:
Verified
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