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You expect your retirement expenses in the first year to be $70,000. Your return on investment is 7%. To have enough to pay for 20
You expect your retirement expenses in the first year to be $70,000. Your return on investment is 7%. To have enough to pay for 20 years of retirement expenses that increase 4% every year, you'll need to have saved:
a) $500,000
b) $750,000
c) $1,000,000
d) $1,250,000
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