Question: Homework: Chapter 4. Learning Objective 2. Topic Homework 1 save! Score: 0 of 1 pt 4 of 5 (0 complete) HW Score: 0%, 0 of

 Homework: Chapter 4. Learning Objective 2. Topic Homework 1 save! Score:

Homework: Chapter 4. Learning Objective 2. Topic Homework 1 save! Score: 0 of 1 pt 4 of 5 (0 complete) HW Score: 0%, 0 of 5 pts Problem 4.LO2.7 (similar to) Question Help You are trying to calculate how much money you should have at retirement. On your 58th birthday you will retire and immediately make your first withdrawal of 54.615.38. You plan to make 26 such withdrawals each year. You plan to continue withdrawing at that level and frequency until you are 79 years old. (Assume beginning of period withdrawals with the first withdrawal on your retirement date and no withdrawal on your final birthday.) During retirement your savings will earn only 4.5% per annum. How much do you have to have saved at retirement to fund these planned withdrawals? How much do you have to have saved at retirement to fund these planned withdrawals? (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear A

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