When You Retire You Expect to Live for Another 30

question 127

Multiple Choice

When you retire you expect to live for another 30 years.During those 30 years you want to be able to withdraw $45,000 at the BEGINNING of each year for living expenses.How much money do you have to have in your retirement account to make this happen.Assume that you can earn 8% on your investments.

• A) $1,350,000.00
• B) $506,600.25
• C) $547,128.27
• D) $723,745.49

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An example that fits or supports a particular rule or classification, used in the process of hypothesis testing.

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A term or example that does not fit a specific rule or pattern under investigation, often used in the study of logic and cognition.

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