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10. You are planning for retirement and need your savings to generate $20,000 per year for 35 years. If you earn 6% on your investments,

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10. You are planning for retirement and need your savings to generate $20,000 per year for 35 years. If you earn 6% on your investments, and will spend all your savings, how much money do you need when you retire? a. $289,964.93 b. $301,471.26 c. $342,617.90 d. $375,370.13 11. The net value of securities held by the mutual fund divided by the number of shares is the a. NAS b. NPV C. NAV d. NPS

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