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7. Suppose you were earning 6% and that instead of being responsible, you spend $200,000 per year. How long will it be until you are
7. Suppose you were earning 6% and that instead of being responsible, you spend $200,000 per year. How long will it be until you are broke? 8. Again, assuming you plan to leave your heirs nothing, if your investment earns 6% interest, how much will you have to put away each year if you start saving when you are 25 years old? What if you start saving when you are 35?
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