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You will retire at age 65. Suppose you start saving for retirement at age 40 instead of 25. How much more would you need to
You will retire at age 65. Suppose you start saving for retirement at age 40 instead of 25. How much more would you need to save every year?
The discount rate is
9%.
A.
6.66
times more
B.
3.99
times more
C.
5.99
times more
D.
3.33
times more
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