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Question 1 After retirement, you would like to have $16,000 income each year, for at least 30 years. How much should you have saved in

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Question 1 After retirement, you would like to have $16,000 income each year, for at least 30 years. How much should you have saved in your retirement account to receive this income if the annual interest rate is 6 percent per year? (Assume that the payments start one year after your retirement) (20%) Question 2 A real estate property can be rented for 19000 per year. We assume that it can last for many decades, with growing maintenance costs of 0,75% per year. For how much would you value it today if you want to obtain at least a profitability of 7%? (20%)

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