Neville turned 35 today and he is planning to save $7,000 per year for retirement in...

 

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Neville turned 35 today and he is planning to save $7,000 per year for retirement in a mutual fund expected to earn a 7.50% return. He plans to retire 30 years from now, when he's 65 and expects to live for another 25 years until age 90. How much can he spend each year during his retirement? Type in both your calculator inputs and the answer to receive credit. Neville turned 35 today and he is planning to save $7,000 per year for retirement in a mutual fund expected to earn a 7.50% return. He plans to retire 30 years from now, when he's 65 and expects to live for another 25 years until age 90. How much can he spend each year during his retirement? Type in both your calculator inputs and the answer to receive credit.

Answer rating: 100% (QA)

Annual saving 7000 rafe 750 Time to refire 30 year Now Calculate F... View the full answer