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To prepare for your retirement 30 years from now, you plan to save the following amounts each month over the next 30 years: The interest

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To prepare for your retirement 30 years from now, you plan to save the following amounts each month over the next 30 years: The interest rate is 9% APR The FVFA when 9% APR and n-10 years is: FV at the end of the decade Amount Years 1-10 $400 $800 11-20 $1,000 21:30 (1) Fill in the FV at the end of each decade in the table above. (2) After 30 years, you are ready to retire. You move your savings to safer investments, which means you expect to earn only 3% APR per year during your retirement You expect to live for 35 more years. How much could you withdraw every month and not run out of money for 35 years? The correct PVFA for this calculation is: Withdraw per month in retirement

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