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rolotony rolotony
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7 months ago
Assume that your retirement income shortfall is $10,000 per year, increasing at 4% per year. You expect to live 30 years in retirement and earn an average rate of return of 6% on your investments. If you plan to use both principal and interest to fund your income needs, your savings goal would be closest to (select the closest answer)

▸ $500,000.

▸ $10,000.

▸ $2,000,000.

▸ $200,000.
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Personal Finance

Personal Finance


Edition: 2nd
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mamaputmamaput
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7 months ago
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rolotony Author
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7 months ago
You make an excellent tutor!
taydav
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Yesterday
Just got PERFECT on my quiz
carston
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2 hours ago
Correct Slight Smile TY
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