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Time value of money Glenn & Pat are both 22 years old, fresh out of college with good jobs. They both want to retire 40
Time value of money Glenn & Pat are both 22 years old, fresh out of college with good jobs. They both want to retire 40 years from now. They plan to save the following amounts of money per year until retirement.: Suppose they both want to retire after 30 years, and each has a life expectancy of about 30 years. Using the same 8% return, how much can Pat withdraw per year for 30 years? A. $ 51,900 B. $44,770 C. $101,650 D. $ 79,912
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