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How do I need to solve this problem by finance calculator? 20. Assume that you want a monthly retirement income of $4,500 beginning on your

How do I need to solve this problem by finance calculator? image text in transcribed
20. Assume that you want a monthly retirement income of $4,500 beginning on your 65th birthday. You expect to live for 25 years and you want to leave $600,000 in the retirement account for your heirs which you will give to your heirs when you are a month shy of your birthday. Assuming you can earn 8% per year, the amount of money you must have in your retirement account by the end of the month prior to your 65th birthday is: a. $589,167.49 b. $664,782.26 c. $1,300,215.17 d. None of the above

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