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

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Now it's time for you to practice what you've learned. Suppose that Brian is 45 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now. He can save $25,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 8,00% retuen. Assume that this rate will be constant for the rest of his's life. Brian would tike to calculate how much money he will have at age 65 . Using a financial calculator yields a future value of this ordinary annuity to b Brian would now like to calculate how much money he will have at age 70 . Using a financial calculator yields a future value of this ordinary annuity to be approximateiy. Brian expects to live for another 25 years if he retires at age 65 , with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Brian can withdraw at age 65. retirement at age 65), assuming a fixed withdrawal each year and so renabiu retirement at age 65), assuming a fixed withdrawal each year and 50 remaining at the end of his ife. Erian expects to live for another 20 years if he retires at age 70 , with the same expected percent returnion investments in the stocki market. Using a financial calculator, you can calculate that Brian con withdraw. assuming a foced-withdrawal each year and 50 remaining at the end of his life. at the end of each year aiter retirement at age 70

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