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please DRAW a cash flow diagram****** consider that you are 35 years old and have just changed to a new job. You have $80,000 in
please DRAW a cash flow diagram******
consider that you are 35 years old and have just changed to a new job. You have $80,000 in the retirement plan from your former employer. You can roll that money into a retirement plan of the new employer. You will also contribute $300 each month into your new employer's plan. If the rolled-over money and the new contributions both earn 7% return, how much should you expect to have when you retire in 30 years? If you plan to live 15 years after retirement, how much can you withdraw in each month of retirement? Please draw a cash flow diagram.
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