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vsisto vsisto
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Posts: 346
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A year ago
Assume your goal in life is to retire with two million dollars. How much would you need to save at the end of each year if interest rates average 6% and you have a 25-year work life?
A) $43,118
B) $55,596
C) $36,453
D) $75,503
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Afro86Afro86
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Posts: 223
A year ago
Sign in or Sign up in seconds to unlock everything for free.
 C
Explanation:  C) Look up annuity factor in the table or use function on a calculator or computer.
Savings  (54.865) = $2,000,000
Savings = $36,453.44
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