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FinanceQ&A LibraryYou will make equal deposits into your retirement account each year for 10 years starting now (i.e., years 0–9). If you expect to withdraw $50,000 per year forever beginning 30 years from now, and the funds will earn interest at 10% per year, the size of the 10 deposits is nearest: (a) $4239 (b) $4662 (c) $4974 (d) $5471Start your trial now! First week only $4.99!*arrow_forward*

Question

You will make equal deposits into your retirement

account each year for 10 years starting now (i.e.,

years 0–9). If you expect to withdraw $50,000 per

year forever beginning 30 years from now, and the

funds will earn interest at 10% per year, the size of

the 10 deposits is nearest:

(a) $4239 (b) $4662

(c) $4974 (d) $5471

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