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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
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 gal Reference the below formulas to answer your question PV-FV FV-PV1+ PVA-PMT (1-1-0/6 PVA-PMT (1-11-6/12-12/6/12) FVA PMT 16-11/6 FVA-PMT 1/123129-13/6/123
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