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Question 2 john hopes to pay the living expenses during his retirement by withdrawing the same amount yearly from his 401k. The expenses will be
Question 2 john hopes to pay the living expenses during his retirement by withdrawing the same amount yearly from his 401k. The expenses will be 55.000 per year for food ,heath care, rent, clothing, travel and charity and john plans to live for 25 years after retirement. 1. please draw cash flow diagram. 2. if this 401k can be invested in an account that earns 4% annually, what will be its initial amount
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