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j. How much would you need to start investing each year, beginning right now, to accumulate this amount? A short-cut to doing this is to

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j. How much would you need to start investing each year, beginning right now, to accumulate this amount? A \"short-cut\" to doing this is to rst compute the reective yield at your retirement age, then divide this amount into Part (i). This is the amount you well need to invest each year. (5 points) k. That was just using $30,000, how much would you want to have each year to live on? Now using that value, repeat parts (i) and (j) again. You need to state what you would want to live on and it needs to be something besides $30,000. (10 points) Your answer to (k) would work, if you withdrew all of your retirement funds at once and divided it up. However, if you left the money in the account and let it draw interest, it is possible that the interest itself would be enough to live on, or at the very least if you had to withdraw some of the principle, the remaining portion would still continue to earn interest. Essentially, what you have found is the upper bound for the amount of money that you will need to invest each year to attain your nancial goals. 1. Finish by summarizing what you have learned in the entire project and consider setting a goal towards saving for retirement. (Your answer should be in complete sentences free of grammar, spelling, and punctuation mistakes.) This should be a paragraph not one sentence. (10 points)

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