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a. At age 60, you find that your employer is moving to another location. You do not wish to move and instead will receive a
a. At age 60, you find that your employer is moving to another location. You do not wish to move and instead will receive a termination package of $100,000. You dont want to retire for another 5 years so you take a job in your current location, which just covers your living expenses. If you invest the $100,000 at 8% today, how much will you have when you retire in 5 years? b. Deposited
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