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our client is 39 yeass old. She wants to begin saving for retirement, with the first payment to come one year from new. She can

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our client is 39 yeass old. She wants to begin saving for retirement, with the first payment to come one year from new. She can rave si, o00 per year, an rou advise ber to invest it in the stock matket, which you expect to provide an average return of 6%6 in the future. a. If she follows your advice, how much money wili she have at 65 ? Do not round intermediate calculations. Round your answer to the nearest cent. b. How much will she have at.70? Do not round intermediate calculations. Roynd your answer to the nearest cent. 4. c. She expects to live for 20 years if she retires at. 65 and for 15 years it she retires at. 20 . If har investments cootinue to earn the same rate. hois much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round intermediate caiculations. floune your answers to the nearest cent. Mnnual withdrawals if she retires at 65:5 Annual withdrawals if she retires at 70i1

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