After retirement, you would like to have $90,000 income each year for 25 years. How much should

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After retirement, you would like to have $90,000 income each year for 25 years. How much should you have saved in the retirement to receive this income, if the interest is 3.0% per year (assume that the payments start one year after the retirement)?

a. $1,567,183

b. $816,930

c. $538,200

d. None of the above

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Stock Markets And Corporate Finance A Primer

ISBN: 9781800611474,9781800611498

1st Edition

Authors: Michael Dempsey

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Question Posted: Jul 23, 2024 06:04 AM

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After retirement, you would like to have $90,000 income each year for 25 years. How much should

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Stock Markets And Corporate Finance A Primer

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