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An investor saves for retirement $250 per month over the next 40 years The money is invested in the stock market and is expected to
An investor saves for retirement $250 per month over the next 40 years The money is invested in the stock market and is expected to earn an average 11% per year. a. How much will you have in the retirement fund, on the day you plan to retire, in 40 years? b. With that retirement fund he plans to live for exactly 27 years. The money is invested in a bond fund, expected to earn 5% per year. Compute the investor equal monthly retirement withdrawals.
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