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You are planning for her golden years. You will retire in 30 years, at which time you plan to begin withdrawing $60,000 annually. You expect
You are planning for her golden years. You will retire in 30 years, at which time you plan to begin withdrawing $60,000 annually. You expect to live for 25 years following your retirement. Your financial advisor thinks you can earn 8% annually. How much do you need to invest each year to prepare for your financial needs after your retirement?
a. | $7,743.09 | |
b. | $4,031.85 | |
c. | $5,653.85 | |
d. | $2,853.62 |
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