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Please show formulas You have just turn 35. You are planning to save for retirement over the next 30 years. To do this, you will
Please show formulas
You have just turn 35. You are planning to save for retirement over the next 30 years. To do this, you will invest $70,000 every year (at the beginning of each year) in a retirement account. The return on the account is expected to be 10 percent. You make the first payment today and the last payment on the day you turn 64 (30 payments). You make the first withdrawal when you turn 65 (20 payments) How much can you withdraw after you retire at 657 The final answer should be provided in Cell B3. 2 Deposit amount 70,000.00 3 Withdraw amount, X 4 Interest rate 10.00% Total, beginning of year Year Payment at beginning of year Total end of vear withdrawal at beginning of yearStep by Step Solution
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