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13. You want to start saving for retirement in two years. You want to retire with $500,000 in your retirement account when you turn 60

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13. You want to start saving for retirement in two years. You want to retire with $500,000 in your retirement account when you turn 60 , which is 40 years from now. Assuming you earn a 10% rate of return, what would you have to put away in two years to reach your goal (approximately)? a) $11,047 b) $12,783 c) $13,367 d) $21,841 e) $12,152 14. You want to buy a house that costs $330,000 but you only have $65,000 to invest. You want to buy the house in 15 years. What interest rate do you have to earn to accomplish this (approximately)? a) 11.44% *** b) 14.27% c) 12.04% d) 10.89% e) You don't have enough to invest to make this happen in 15 years

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