Use the following information for the next TWO questions. you just turned 22 years old you...

 

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Use the following information for the next TWO questions. you just turned 22 years old you will invest an equal amount of money at the end of the next 45 years when you retire at age 67, you will withdraw $50,000 each year for 25 years at the end of each year you expect to earn 6% each year on your investments How much money do you need at retirement? 33 * * €3 Use the following information for the next TWO questions. you just turned 22 years old you will invest an equal amount of money at the end of the next 45 years when you retire at age 67, you will withdraw $50,000 each year for 25 years at the end of each year you expect to earn 6% each year on your investments How much money do you need at retirement? 33 * * €3

Answer rating: 100% (QA)

Steps Step 1 of 4 The amount of money needed at retireme... View the full answer