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After retirement, you expect to live for 25 years. You would like to have $200,000 income each year. In addition, you like to have $1,000,000
After retirement, you expect to live for 25 years. You would like to have $200,000 income each year. In addition, you like to have $1,000,000 at the end of the 25 years as the buffer. How much should you have saved in the retirement to receive these goals, if the interest is 6% per year (assume that the payments start one year after the retirement)?
$2,334,347.02 | ||
$2,543,790.29 | ||
$2,789,669.86 | ||
$2,134,630.00 |
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