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Suppose you want a retirement income of $50,000 per year for 35 years, and the first payment occurs on the day you retire.Assuming a portfolioreturn

Suppose you want a retirement income of $50,000 per year for 35 years, and the first payment occurs on the day you retire.Assuming a portfolioreturn of 4% per year, what should your balance be on the day you retire?

$897,337
$911,075
$933,231
$1,002,355
$970,560

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