You are working as an analyst for a financial advisor. One of your clients says they want to retire and be able to withdraw

$55,000

per year for living expenses. Actuarial tables suggest your client will live for 30 years after retirement, and you estimate they could earn

6.5%

annually. How much money do they need today to withdraw

$55,000

per year for 30 years?\

$726,542.41

\

$8,315.23

\

$649,571.24

\

$718,227.17

You are working as an analyst for a financial advisor. One of your clients says they want to retire and be able to withdraw $55,000 per year for living expenses. Actuarial tables suggest your client will live for 30 years after retirement, and you estimate they could earn 6.5% annually. How much money do they need today to withdraw $55,000 per year for 30 years? $726,542.41 $8,315.23 $649,571.24 $718,227.17