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How much must have accumulated by sixty-five birthday

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Problem 1: You plan to retire at age 65. You want to withdraw? $100,000 from your savings account every year starting on your 65 th birthday. You expect to make your final withdrawal on your 84th birthday. How much must you have accumulated by your 65 th birthday in order to support your desired withdrawals if you earn? 3% on your? savings?

Reference no: EM132828466

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