Assume that you want a monthly retirement income of $4,500 beginning on your 65th birthday. You expect

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Assume that you want a monthly retirement income of $4,500 beginning on your 65th birthday. You expect to live for 25 years and you want to leave $600,000 in the retirement account for your heirs which you will give to your heirs when you are a month shy of your birthday. Assuming you can earn 8% per year.

The amount of money you must have in your retirement account by the end of the month prior to your 65th birthday is?

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Posted Date: Jun 24, 2023 02:51 AM

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Assume that you want a monthly retirement income of $4,500 beginning on your 65th birthday. You expect

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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