How much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $42,000 a year for 25 years? She expects to earn an average rate of return of 9.75 percent.
A) $426,580.50
B) $407,419.81
C) $401,533.33
D) $385,160.98
E) $388,683.83
Correct Answer:
Verified
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