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4. Problem 5.19 (Future Value of an Annulty) eBook Problem Walk-Through Your client is 29 years old. She wants to begin saving for retirement with

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4. Problem 5.19 (Future Value of an Annulty) eBook Problem Walk-Through Your client is 29 years old. She wants to begin saving for retirement with the first payment to come one year from now. She can save $12,000 per year, and you advise her to invec it in the stock market, which you expect to provide an average retum of 9% in the future. . If she follows your advice, how much money will she have at 657 Do not round intermediate calculations. Round your answer to the nearest cent. 5. How much will she have at 707 Do not round Intermediate calculations. Round your answer to the nearest cert. $ c. She expects to live for 20 years if she retires at 65 and for 15 years she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round Intermediate calculations, Hound your answers to the nearest cnnt. Annual withdrawals if she retires at 65: $ Annunt withdrawals if she retires at 70:$ Grade it Now Save & Continue

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