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Question 4 3 pts Assume you are ready to retire at age 65 and that you will continue to earn 5% on your nest egg

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Question 4 3 pts Assume you are ready to retire at age 65 and that you will continue to earn 5% on your nest egg during retirement. You guess you will live to be 95 years old, based on family longevity and you want to be able to withdraw $50,000 per year for living expenses during the 30 years of your retirement. How much money do you need to have in the account to be able to retire on this plan? Hint: This is a PVA (Present Value of an Annuity) question. Show your work. 12pt Paragraph 2T? B I IC 0 4 2 W 3 E O R T Y U return

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