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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.
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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