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please complete all questions for a like. Thank You You have saved $100,000 in a 401(k) account at retirement. What is the minimum annual rate
please complete all questions for a like. Thank You
You have saved $100,000 in a 401(k) account at retirement. What is the minimum annual rate of return would allow you to withdraw $8,000 each year forever without reducing your account value? Your Answer: You want to save for a down payment on a new home in the future. You can invest $450 at the end of each month, and you expect to earn 6% APR compounded monthly on your investment. How much will you be able to have saved in 4 years? Your Answer: Your employer has promised you a pension of $15,000 per year in retirement. How much money must be invested in the pension fund at retirement in order to fully fund your pension for 15 years if the pension fund earns a 8% return in each year? YourStep by Step Solution
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