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You started your new job and your financial advisor suggested that you should start saving for retirement. You estimated that after you retire you can

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You started your new job and your financial advisor suggested that you should start saving for retirement. You estimated that after you retire you can live with $4,000 a month for 25 years. Financial advisor also suggested you should think about leaving some inheritance for your loved ones. You estimated $500,000 is a good amount to leave. How much do you need to save each month if you want to retire in 30 years? Financial advisor said you can earn 12.00% on your savings and 9.00% during retirement? Select one: O a. 2,195.27 O b. 19,269.43 c. 151.59 d. 1,330.58

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