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Assume you are now 2 1 years old and will start working as soon as you graduate from college. You plan to start saving for
Assume you are now years old and will start working as soon as you graduate from college. You plan to start saving for your retirement on your th birthday and retire on your th birthday. After retirement, you expect to live at least until you are You wish to be able to withdraw $in today's dollars every year from the time of your retirement until you are years old. The average inflation rate is likely to be Calculate the lump sum you need to have accumulated at age to be able to draw the desired income. Assume that the annual return on your investments is likely to be Round the answer to two decimal places. Round intermediate value to three decimal places. Do not round factor values
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