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An individual wants to have $57,000 per year to live on when she retires in 27 years. The individual is planning on living for 23
An individual wants to have $57,000 per year to live on when she retires in 27 years. The individual is planning on living for 23 years after retirement. If the investor can earn 6.2% during her retirement years and 9.10% during her working years, how much should she be saving during her working life? (Hint: Treat all calculations as annuities.)
Multiple Choice
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$6,597
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$18,234
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$27,908
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$26,317
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