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Question 1 of 8 F Assume that today is January 1, 2022, and that you just turned 25 years old. You plan to retire
Question 1 of 8 F Assume that today is January 1, 2022, and that you just turned 25 years old. You plan to retire when you turn 65 years old. Beginning that day, you will take retirement draws of $75,765 at the beginning of each year. You expect to live a total of 19 years once you retire. Your money will continue to earn 10% during your retirement years. How much money will you need in your retirement account as of the date you retire (when you turn 65 years old) in order to cover your retirement draws over the next 19 years? Enter your answer as a positive number (round to the nearest dollar if necessary).
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