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(Solved): You can just graduated from UCW and are beginning your working career, assume you just turned 25 yea ...



You can just graduated from UCW and are beginning your working career, assume you just turned 25 years old and expect to work until you are 65 years old. You currently have $75,000 in cash remaining in your bank in savings now but in order to retire you need to have a total $1,500,250 at retirement, assuming a constant annual interest rate of 5%. How much do you need to save on a monthly in order to meet your retirement goal? You are now 65 and beginning your retirement and have now saved up $1,500,250, assuming a constant annual interest rate of 5%. How long can you live off of this money if you withdraw 8,500 each month



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To calculate the amount you need to save monthly to meet your retirement goal, we can use th...
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