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Can you answer these questions ? You landed your dream job that pays 7 0 , 0 0 0 annually. Assuming your company provides 4
Can you answer these questions
You landed your dream job that pays annually. Assuming your company provides K retirement account and matches your contribution up to a maximum of $ per year. Further assume that you are years old now and decide to take full advantage of the K plan. You will invest your money in mutual funds occurs at the end of each year earning an average rate of return of compounded annually. You plan to work until How much would you have in your K account when you reach Suppose right after your retirement at age you plan to withdraw money from your retirement account to supplement social security. How much can you withdraw every year if you expect to live until age with annual withdrawals if you dont plan to leave any money in the account after your last withdrawal? Please show the detailed calculations.
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