About how much must be in your account when you retire

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Reference no: EM13890504

You believe you will spend $150,000 per year when you retire. You expect to live 30 years. If your retirement account expects to earn 5% annual interest, about how much must be in your account when you retire?

a. $ 1,987,349

b. $ 2,305,868

c. $4,500,000

d. $ 9,965,827

Reference no: EM13890504

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