You are planning for your retirement in 34 years. At that time you want to have...
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You are planning for your retirement in 34 years. At that time you want to have enough saved to be able to afford to spend $190,000 per year (starting at time 35) for 17 years (if you live longer than 17 years your kids will have to support you). How much will you need to have saved by time 34 if the expected interest rate from time 34 to 51 is 5 percent per year? Number You are planning for your retirement in 34 years. At that time you want to have enough saved to be able to afford to spend $190,000 per year (starting at time 35) for 17 years (if you live longer than 17 years your kids will have to support you). How much will you need to have saved by time 34 if the expected interest rate from time 34 to 51 is 5 percent per year? Number
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