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Now it's time for you to practice what you've learned. Suppose that Janet is 45 years old and has no retirement savings. She wants to

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Now it's time for you to practice what you've learned. Suppose that Janet is 45 years old and has no retirement savings. She wants to begin saving for retirement, with the first payment coming one year from now. She can save $5,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 4.00% return. Assume that this rate will be constant for the rest of her's life./ Janet would like to calculate how much money she will have at age 50. Using a financial calculator yields a future value of this ordinary annuity to be approximately at age 60 Janet would now like to calculate how much money she will have at age 65. Using a financial calculator yields a future value of this ordinary annuity to be approximately at age 65. Janet expects to live for another 30 years if she retires at age 60, with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Janet can withdraw s at the end of each year after retirement (assuming retirement at age 60), assuming a fixed withdrawal each year and 50 remaining at the end of her life. Janet expects to live for another 25 years if she retires at age 65, with the same expected percent return on investments in the stock market. at the end of each year after retirement at age 65, assuming Using a financial calculator, you can calculate that Janet can withdraw a fixed withdrawal each year and $0 remaining at the end of her life

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