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A jet-setting lawyer plans on living large on the French Rivera in retirement. The lawyer anticipates living for 22.00 more years after retirement and will
A jet-setting lawyer plans on living large on the French Rivera in retirement. The lawyer anticipates living for 22.00 more years after retirement and will need $291,300.00 per year to support her life in the South of France. While retired, she will keep her money in a tax-free account that pays 2.00% per year. How much money will the lawyer need when she retires? (assume beginning of the year withdrawals) Please post solution with each individual step; do not use excel at all. Thank you!
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