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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wck domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/forge/wikicram.com/wp-includes/functions.php on line 6121 Suppose you want to retire at the age of 65. During your ret… | Wiki CramSkip to main navigationSkip to main contentSkip to footer
Suppose you want to retire at the age of 65. During your ret…
Suppose you want to retire at the age of 65. During your retirement years, you need to have $70,000 per year from your investments. You believe that you can earn 6% per year during retirement and you expect to live until age 90. a. How much must you have at age 65 for your retirement needs? b. If you are 25 years old, how much must you invest each month to meet your retirement needs? Assume you can earn 10% on your investments. Show your work.
Suppose you want to retire at the age of 65. During your ret…
Questions
Suppоse yоu wаnt tо retire аt the аge of 65. During your retirement years, you need to have $70,000 per year from your investments. You believe that you can earn 6% per year during retirement and you expect to live until age 90. a. How much must you have at age 65 for your retirement needs? b. If you are 25 years old, how much must you invest each month to meet your retirement needs? Assume you can earn 10% on your investments. Show your work.
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