Multiple Choice
If Allison has saved $1,000,000 upon retirement, how much money can she live on each year if she can earn 4% per year and will end with $0 when she expects to die 30 years after retirement?
A) $40,000
B) $20,953
C) $17,830
D) $57,830
Correct Answer:
Verified
Correct Answer:
Verified
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