When You Retire You Expect to Live for Another 30

question 82

Multiple Choice

When you retire you expect to live for another 30 years.During those 30 years you want to be able to withdraw $4,000 at the BEGINNING of every month 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) $545,133.98
• B) $1,440,000.00
• C) $548,768.20
• D) $673,625.34

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Definitions:

Suggestive Selling

A sales technique where the seller offers additional products or services to the customer, often based on their initial purchase.

Cold Canvassing

The technique of directly approaching individuals or businesses, without prior contact, to sell goods or services.

Toll-free Numbers

Telephone numbers that allow callers to reach businesses or individuals without being charged for the call, often used for customer service or sales.

Lead

A prospective customer who has shown interest in a product or service, potentially leading to a sale.