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You are considering a retirement strategy of saving $400 per month until you retire 40 years from now. If you can earn 5%, compounded monthly,
- You are considering a retirement strategy of saving $400 per month until you retire 40 years from now. If you can earn 5%, compounded monthly, on your savings, how much will you have at retirement? If you plan a retirement of 20 years, how much monthly income will your retirement savings generate, assuming that it will be completely depleted at the end of 20 years?
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
