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Plot the bank balance from age 25 through 90 with these assumptions, calculating y0 the projected savings at retirement and T the age when your
Plot the bank balance from age 25 through 90 with these assumptions, calculating y0 the projected savings at retirement and T the age when your money runs out:
a = 4.66% APR
n = 15% savings so that nb is the dollar amount you will be saving during working years
b = $100,000 (constant, i.e., you wish to match this income during retirement, since it is the lifestyle to which you've become accustomed)
x0 = $0
t0 = 25 years old
p = 35% pension
q = 1-p so that qb is the investment income you will need during retirement
s = 57 (retirement age)
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