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Assume that when you retire, you want to live on $60,000 every year. Assuming that you will have your money in a relatively safe investment
Assume that when you retire, you want to live on $60,000 every year. Assuming that you will have your money in a relatively safe investment that returns 4.5% annually while you are retired. How much money do you need to have the day that you retire? (note: there are 2 ways to solve this, either way will get you full points) Show work for full credit.
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