Question: Please help with part E. Thank you Calculate the lump sum you need to have accumulated at age 65 to be able to draw the

Please help with part E. Thank you

need to have accumulated at age 65 to be able to draw

the desired income. Assume that the annual return on your investments is

likely to be 10 percent. (Round answer to 2 decimal places, e.

.15 .25 . Round intermediate value to 3 decimal places, eg. 359400.312

Do not round foctor values.) Lumpsum amount accumulated at age 65

Calculate the lump sum you need to have accumulated at age 65 to be able to draw the desired income. Assume that the annual return on your investments is likely to be 10 percent. (Round answer to 2 decimal places, e. .15 .25 . Round intermediate value to 3 decimal places, eg. 359400.312 Do not round foctor values.) Lumpsum amount accumulated at age 65

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