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You are planning for your retirement. You believe that you could live comfortably in retirement with the equivalent of $ 1 0 0 , 0
You are planning for your retirement. You believe that you could live comfortably in retirement with the equivalent of $ per year in today's dollars for simplicity, assume this is as of your nd birthday Further, you plan to start saving when you turn and retire when you turn You anticipate living approximately another years past that point. Assume that inflation is per year on average until then, and that the market will earn a return. Assuming that you will make monthly contributions to and withdrawals from your retirement account, how much money will you need to save each month to reach your goal?
You are planning for your retirement. You believe that you could live comfortably in retirement with the equivalent of $ per year in today's dollars for simplicity, assume this is as of your nd birthday Further, you plan to start saving when you turn and retire when you turn You anticipate living approximately another years past that point. Assume that inflation is per year on average until then, and that the market will earn a return. Assuming that you will make monthly contributions to and withdrawals from your retirement account, how much money will you need to save each month to reach your goal?
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