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Lynda wants to retire when she is 65 years old. She estimates that she will need $50,000 before tax at the beginning of each year
Lynda wants to retire when she is 65 years old. She estimates that she will need $50,000 before tax at the beginning of each year to sustain her desired lifestyle. She also assumes that she will live until she is 90 years old. If she can generate a 7% return annually on this investment. Ignoring inflation, taxes and income from other sources, how much does Lynda need to accumulate by the time she is ready to begin her retirement
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