Assume your goal in life is to retire with three million dollars. How much would you...
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Assume your goal in life is to retire with three million dollars. How much would you need to save at the end of each year if interest rates average 5% and you have a 10-year work life (the closest answer)? PV 1 rate=$0.614; PVArate= 7.72 FVA rate= 12.57 O $300,000 O $1,842,000 O $318,000 O $238,633 O $388,515 Assume your goal in life is to retire with three million dollars. How much would you need to save at the end of each year if interest rates average 5% and you have a 10-year work life (the closest answer)? PV 1 rate=$0.614; PVArate= 7.72 FVA rate= 12.57 O $300,000 O $1,842,000 O $318,000 O $238,633 O $388,515
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