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you want to retire At age 63, and expect to live until age 89. you would like an annual income of $63000 paid out in
you want to retire At age 63, and expect to live until age 89. you would like an annual income of $63000 paid out in an annual annuity. you are going to invest conservatively and so will earn 3.75% per year during retirement. ignore any effects of inflation or taxation. how much do you need to be saved up at age 63 to meet this goal? SHOW YOUR WORK
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