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e 1: Question 8 (6 points) 2 Joanna is making a financial plan for her retirement. Today is her 35th birthday, and she receives $150,000
e 1: Question 8 (6 points) 2 Joanna is making a financial plan for her retirement. Today is her 35th birthday, and she receives $150,000 from her grandmother's will. She plans to retire 25 years from now when she turns 60. Once she is retired, she will need to withdraw $4,000 a month for 15 years, starting on the day she retires. She anticipates earning 6% compounded semi-annually for the entire 40 years. 4 5 6 How much of her inheritance money must be invested today to meet her retirement goal? 7. B 9 10 11 12 15 18 3 :) 0 | Do 2 9 0 7 8 5
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