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10 pts Your client is 40 years old. She wants to begin saving for retirement with the first payment to come one year from now.

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10 pts Your client is 40 years old. She wants to begin saving for retirement with the first payment to come one year from now. She can save $5,000 per year, and you advise her to invest it in the stock market, which you expect to provide average return of 9% in the future a. If she follows your advice, how much will she have at 60? b. She expects to live for 16 yrs if she retires. If her investment earns 6 retum how much will she be able to withdraw at the end of each year after retirement? A - IEI 31 **

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