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Homework 2 When you retire you expect to live for another 25 years. Each month of your...

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Finance

Homework 2

When you retire you expect to live for another 25 years. Eachmonth of your retirement you want to be able to withdraw $8,500 forliving expenses. If you can earn 4.5% per year on your investment,how much do you need to have in your retirement account, at thetime you retire, to make this happen?

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Homework 2When you retire you expect to live for another 25 years. Eachmonth of your retirement you want to be able to withdraw $8,500 forliving expenses. If you can earn 4.5% per year on your investment,how much do you need to have in your retirement account, at thetime you retire, to make this happen?

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