Multiple Choice
Molly just received a $5,000 inheritance.She wants to open an IRA for retirement,40 years from today.If she can earn 11% per year in her IRA,how much will she be able to take out annually for 20 years in retirement?
A) $16,250
B) $40,812
C) $24,182
D) $35,041
Correct Answer:
Verified
Correct Answer:
Verified
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