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Question 4 You want to retire at age 6 0 and have $ 1 5 , 0 0 0 at the end of each month

Question

4

You want to retire at age

60

and have $

15, 000

at the end of each month until you die on your

80

th birthday. If you can earn

9 %

on your investments during retirement, how much do you need in your retirement account on the day you retire?

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