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Arlecino [84]
3 years ago
8

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 f

or 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)
Mathematics
1 answer:
GrogVix [38]3 years ago
5 0

Answer:

your correct awnswer is A

Step-by-step explanation:

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