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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
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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