Solve the application problem. Round to the nearest cent.Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for 16 years. Assume that money can be deposited at 10% per year compounded annually. What exact amount will Charles need in 17 years?

A. $267,878.38
B. $167,333.76
C. $176,474.10
D. $172,121.62


Answer: D

Mathematics

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A.
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C.
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Mathematics