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please do not use excel. Thanks! I do not have extra information.. 3. Nancy is 30 years old, and she currently has $24,000 in savings.
please do not use excel. Thanks!
I do not have extra information..
3. Nancy is 30 years old, and she currently has $24,000 in savings. She plans to work until she's 66, and expects to live until she's 87. She is currently working at her first job, which allows her to save $175 per month. In five years' time, she will take a vacation costing $15,000, and in fifteen years' time, buy a cabin in cash for $57,000. When retired, Nancy would like to withdraw funds every month to support her living expenses, and upon her death, she would like to leave an inheritance of $250,000. Nancy expects that she can borrow and lend at 7% prior to retirement, and at 3% after retirement, with both rates compounded annually. How much can she withdraw every two weeks during retirement Step by Step Solution
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