How much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $25,000 a year for 30 years? She expects to earn an average rate of return of 6 percent.
A) $324,642.24
B) $331,288.67
C) $333,333.33
D) $340,025.00
E) $344,120.78
Correct Answer:
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