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You are currently 30 years old and want to retire in 35 years at age 65 . You want to take out $175,000 per year

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You are currently 30 years old and want to retire in 35 years at age 65 . You want to take out $175,000 per year until your death at age 90 , as you plan on living 25 years after retirement. If annual inflation rates are 6%, and investment rates are 9%. How much money per MONTH do you have to put into an account in order to reach your RETIREMENT goal? Reference the below formulas to answer your question: PV=FV/(1+r)tPVA=PMT(1((1+r)t)/r)FVA=PMT((1+r)t)1)/r)FV=PV(1+r)tPVA=PMT(1(1+(r/12))t(12))/(r/12)FVA=PMT((1+(r/12))t(12))1)/(r/12)

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