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Question 8 (2 points) Saved Given wonderful strides in the medical field, you hope to live forever! Upon retirement you wish to establish a perpetual
Question 8 (2 points) Saved Given wonderful strides in the medical field, you hope to live forever! Upon retirement you wish to establish a perpetual income stream of $800 per week. Assume the annual interest rate is 5% compounded weekly and that you will receive the cash flow at the end of each week. How much money will you need to have when you retire to purchase this cash flow? You will need $15,611. You will need $16,000. You will need $710,677. You will need $832,000
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