How much money will you need to invest

Reference no: EM13269597

You think you can live off of $40,000 per year in retirement (45 years from now). You also expect to be retired for 20 years before you die. The current interest rate is 7%. If you wanted to invest all of the money you will need for retirement right now, how much money will you need to invest?

Reference no: EM13269597

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