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You plan to live 23 years after you retire and will withdraw $62,000 per year during that period. If your account balance is $0 on
You plan to live 23 years after you retire and will withdraw $62,000 per year during that period. If your account balance is $0 on the day you die, and you earn 6.3 percent interest annually, how much do you need to have saved on the day you retire? Assume each withdrawal is taken at the beginning of the year. PV=$ Allowed attempts: 3 You plan to retire in 50 years. If you make your first deposit at the end of this year, how much do you need to set aside each year in order to meet your earlier goal of withdrawing $62,000 per year during retirement? Annual savings =$ Allowed attempts: 3
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