A Financial Advisor Recommends Saving $1,000,000 for a Comfortable Retirement

question 89

Multiple Choice

A financial advisor recommends saving $1,000,000 for a comfortable retirement.With investment returns of 8%,what is the annual year-end cash flow generated by the $1 million for 25 years,assuming you spend all of the principal and interest?

• A) $80,000
• B) $86,740
• C) $93,679
• D) $94,978

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