Question: You believe you will spend $ 1 7 5 , 0 0 0 a year for 2 2 years once you retire in 1 6

You believe you will spend $175,000 a year for 22 years once you retire in 16 years. If the interest rate is 9.90% per year. (Do not round intermediate dalculations. Round your answer to 2 decimal places.)
a. How much must you need saved once you reach retirement.
b. how much must you save each year until retirement to meet your retirement goal?
You believe you will spend $175,000 a year for 22 years

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