How much money does Yvonne need to have in her retirement savings account today if she wishes to withdraw $54,000 a year for 25 years? She expects to earn an average rate of return of 8.0 percent.
A) $607,920.30
B) $405,280.20
C) $480,364.93
D) $527,385.93
E) $576,437.91
Correct Answer:
Verified
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