Your plan is to have $4,500,000 on hand to retire 40 years from now. At 9%...

 

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Your plan is to have $4,500,000 on hand to retire 40 years from now. At 9% interest (annual), how much do you need to invest each month, in order to save the $4.5 million? 2.276.00 961.00 1,890.00 O 1,244.00 Question 4 You would like to receive a retirement payment of $250,000 per year for 30 years. You plan to earn 7.5% interest while in retirement. How much money do you need in a lump sum at retirement, in order to fund this? 2,543,917.00 2,952,596.00 3,455,001.00 2,671,923.00 Your plan is to have $4,500,000 on hand to retire 40 years from now. At 9% interest (annual), how much do you need to invest each month, in order to save the $4.5 million? 2.276.00 961.00 1,890.00 O 1,244.00 Question 4 You would like to receive a retirement payment of $250,000 per year for 30 years. You plan to earn 7.5% interest while in retirement. How much money do you need in a lump sum at retirement, in order to fund this? 2,543,917.00 2,952,596.00 3,455,001.00 2,671,923.00

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