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How do I figure out nest egg to solve for this problem? You plan to work for 40 years and then retire using a 25-year
How do I figure out "nest egg" to solve for this problem?
You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4200 per month. You have access to an account that pays an APR of 8.4% compounded monthly. What size nest egg do you need to achieve the desired monthly yield?
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