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In planning for retirement in 35 years, youve determined that youll need $100,000 per year income in retirement. If that target represents a 4% annual
In planning for retirement in 35 years, youve determined that youll need $100,000 per year income in retirement. If that target represents a 4% annual spending rate on your total assets, how much will you have to save each month if you assume that youll be able to earn a 6% average annual rate of return over that period of time?
A. About $70.
B. About $897.
C. About $1,754.
D. About $2,915.
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