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Sarah is 27 years old and is retiring at the age of 65. When she retires, she estimates that she will need a semiannual income for 20 years. If Sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw? (Hint: Find the future value of her investment prior to retirement and use that amount as her investment amount upon retirement)

User Adis Azhar
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2 Answers

1 vote

Answer:

a

Explanation:

User Bennett Brown
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7.3k points
4 votes

Answer:

your correct awnswer is A

Explanation: