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thank you! You estimate that you will need $7400 at the start of each month of your retirement. You estimate a retirement period of 20
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You estimate that you will need $7400 at the start of each month of your retirement. You estimate a retirement period of 20 years. What is the minimum amount you must invest at the end of each month during your working years in order to meet this retirement goal? Assume a working life of 40 years, and a return on your investments of 7.5% over the entire planning horizon of 60 years. $323.57 $373.15 $305.68 $395.12 $349.72 You estimate that you will be able to invest $300 consistently at the end of each month during your working years, which you project will be for 38 years. What is the maximum you would be able to withdraw at the start of each month of retirement? Assume a retirement period of 25 years and a return of 8% over the entire planning period. $6,795.25 $6,228.80 $5,574.40 $6,445.90 $5.701.50 You estimate that you will be able to invest $300 consistently at the end of each month during your working years, which you project will be for 38 years. What is the maximum you would be able to withdraw at the start of each month of retirement? Assume a retirement period of 25 years and a return af 8% over the entire planning period. ALSO, assume that you already have $20,000 to invest today (and it will also earn the rate of return you are assuming for your monthly investments), AND that you would like your portfolio balance to be $500,000 at the end of your retirement. $5,829.54 $8,667.18 $9.446,44 $8,345.73 56075.91 Step by Step Solution
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