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Unanswered Question 1 0/1 pts Jeff has $350,000 in his savings account now. He plans to retire 7 years from now, and he wants to
Unanswered Question 1 0/1 pts Jeff has $350,000 in his savings account now. He plans to retire 7 years from now, and he wants to have an income of $5,031 per month for 25 years after he retires. He earns 6% APR on his savings. How much will Jeff have to save each month for the next 7 years to have enough to meet his income goal when he retires? Round you answer to 2 decimal places, for example 1000.12. You Answered Correct Answer 2,389.8 margin of error +/- 5 Unanswered Question 2 0/1 pts You will save $8,000 per year for the next 30 years. You will earn 12% on your savings. At the end of 30 years, you will retire, and you expect to live for 40 years after that. How much can you withdraw every year for 40 years and not run out of money? Round your answer to the nearest whole number, for example 400. You Answered
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