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How much do you need to have in your account

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Question - You want to receive $5,000 per month in retirement. If you can earn 0.8% return per month and you expect to need the income for 28 years, how much do you need to have in your account at retirement?

a. $582,032

b. $589,511

c. $596,123

d. $575,298

Reference no: EM133032632

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