Question: I need help with this question in 15 min please Jenna turned 35 today and plans to retire at age 65, which is 30 years
I need help with this question in 15 min please
Jenna turned 35 today and plans to retire at age 65, which is 30 years from today. She plans to save $12,000 end of each year for next 30 years towards her retirement. She expects to receive a return of 6% per year. She expects to live until age 90. Under these assumptions, how much can she withdraw at the end of each of her 25 years in retirement (that is withdraw from age 66 to 90). $79,605.08 $72,959.02 $74,213.55 $47,830.16 $78,259.41 $70,012.78
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