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Starting at age 6 5 , Charlene would like to withdraw $ 2 5 0 0 0 from her non - registered investment portfolio to

Starting at age 65, Charlene would like to withdraw $25000 from her non-registered investment portfolio to fund additional lifestyle expenses during retirement. Her annual withdrawls, which will be made at the beginning of each year, should factor in taxes and should keep pace with an inflation rate of 2.4%. If Chatlenes combined marginal rate during retirement is 43%, she can earn a nominal rate of return of 7.8%on her non registred savings and her life expectancy is age 90, how much will she need to accumalate by age 65 to meet her goal?
a)488198
b)497953
c)601571
d) $633294

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