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Intro You just turned 20 years old and want to retire when you turn 64. You expect to live for 25 years after retirement and
Intro You just turned 20 years old and want to retire when you turn 64. You expect to live for 25 years after retirement and expect to withdraw $8,100 per month during retirement, starting first withdrawal one month after your 64th birthday. Your retirement account quotes a return of 6% annually. Part 1 Attempt 1/3 for 10 pts. How much retirement money do you need to have by 64th birthday to support the withdrawal? 0+ decimals Submit Part 2 Attempt 1/3 for 10 pts. How much should you save each month if you make the first deposit one month after 20th birthday and the last one on 64th birthday? 0+ decimals Submit
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