Assume that you want to retire early at age 53. You plan to save using one of
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1. How much out- of- pocket cash will you invest under the two options?
2. How much savings will you have accumulated at age 53 under the two options?
3. Explain the results.
4. If you let the savings continue to grow for nine more years (with no further out- of- pocket investments), under each scenario, what will the investment be worth when you are age 62?
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Req 1 Your outofpocket cost is 120000 either way 4800 ...View the full answer
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