How much could she withdraw each year in retirement

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Suppose Jenna sells the bond, reinvests the proceeds, and then saves as she planned.

If, indeed, Jenna earns a 9% annual return on her savings, how much could she withdraw each year in retirement?

(Assume she begins withdrawing the money from the account in equal amounts at the end of each year once her retirement begins.

Reference no: EM131168963

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