13. After retirement, you expect to live for 25 years. You would like to have $75,000 income each year. How much should you have saved in your retirement account to receive this income, if the annual interest rate is 9 percent per year? (Assume that the payments start on the day of your retirement.)
A. $736,693.47B. $802,995.88C. $2,043,750.21D. $1,427,831.93
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