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Question 1 2 points Number Help You are planning for your retirement in 22 years. At that time you want to have enough saved to

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Question 1 2 points Number Help You are planning for your retirement in 22 years. At that time you want to have enough saved to be able to afford to spend $200,000 per year (starting at time 23) for 21 years (if you live longer than 21 years your kids will have to support you). How much will you need to have saved by time 22 if the expected interest rate from time 220 43 is 13 percent per year? 1433902.67 O Correct response: 1,420,310.01:10 Suppose that at time 22 you will receive a retirement bonus of $30,000 from your company. If the annual percentage rate (APR) is expected to be 8 percent, compounded monthly, from now until time 22. how much would you need to save at the end of each month in order to be able to make the desired withdrawals at retirement (le, in order to have $1.420,310.01, including the bonus, saved at time 22)? Number

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