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Amanda wants to be able to have yearly withdrawals of $25,000 from her retirement account...

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Accounting

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Amanda wants to be able to have yearly withdrawals of $25,000 from her retirement account for a period of 30 years starting a year after she turns 65. If she is able to earn a yearly rate of return of 7% in her retirement account during the 30 years of her retirement, what must be the approximate balance in her account on her 65th birthday? $750,000 $357.143 $310,226 $802.500

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