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> Question 19 5 pts You are going to retire in 40 years. After retirement, you need $80,000 at the end of year for 25
> Question 19 5 pts You are going to retire in 40 years. After retirement, you need $80,000 at the end of year for 25 years. You are going to save for your retirement every month. Assume that you deposit your money at the end of month for 40 years and & Rercent is your annual expected return from your investment until you retire. But after you retire you invest in more conservative assets and your annual expected return is 5 percent. To achieve your after-retirement goal ($80,000 at the end of year for 25 years), how much money do you need in 40 years? (Pick the closest answer.) O $1,02413.55 O $1,115,414,65 $1,127,515.57 O $1,300,355.80
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