question 5 please, how much money must you inevest Use the following information for...
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question 5 please, how much money must you inevest
Use the following information for the next TWO questions. you just turned 30 years old . you will invest an equal amount of money at the end of the next 35 years when you retire at age 65. you will withdraw $40,000 each year for 25 years at the end of each yea you expect to earn 5% each year on your investments . How much money must you invest each year to reach your retirement goal? O $2,398 $8.390 $4.567 $6,242 Use the following information for the next TWO questions. you just turned 30 years old you will invest an equal amount of money at the end of the next 35 years when you retire at age 65, you will withdraw $40,000 each year for 25 years at the end of each . you expect to earn 5% each year on your investments How much money do you need at retirement? $786,234 $465.783 $563.758 O $383,276
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