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You are a financial advisor helping Bobby, age 35, determine how much he needs to save for retirement. Bobby cari save $15,000 per year (he

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You are a financial advisor helping Bobby, age 35, determine how much he needs to save for retirement. Bobby cari save $15,000 per year (he doesn't have any saved money yeth. and you determine that he is willing to invest in a growth stock portfolio mix expected to provide an average retum of 11% in the future. Bobby expects to live for 20 years if he retires at 70 . How much will he be able to withdraw at the beginning of each year after retirement if he continues to eam the same rate of return in retirement? 5552188 5579.667 5609795 5599,720 5517.721

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