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That 30,694 is wrong the right answer is between those bottom two values. Why am I getting this wrong? Suppose you wish to retire in
That 30,694 is wrong the right answer is between those bottom two values. Why am I getting this wrong?
Suppose you wish to retire in 42 years on the equivalent of $67,000.00 in today's dollars. Also suppose that inflation over the coming years is 2.0 percent on average. How much money, per year, will you need to invest starting now, with zero initial investment, to attain the necessary nest egg for retirement if your investment pays a 4.0 percent yield? Round your answer to the nearest dollar. 30,694 Between 34,839 and 36,261Step by Step Solution
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