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Posted on Aug 24, 2024

After you retire, you want to withdraw $ 5 0 , 0 0 0 a year from your savings account which earns 4 % annual

After you retire, you want to withdraw $

50, 000

a year from your savings account which earns

4 %

annual interest for

30

years. How much money do you need in your saving account when

you retire?

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