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How will be your monthly payment during retirement

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Reference no: EM131959302

You want to save for retirement. You save $402.57 each month for the next 34 years and can invest at a return of 8.8% (APR). At retirement, you purchase an annuity with the money from your savings that will last for 14 years and earn a return of 5%.

How will be your monthly payment during retirement?

Reference no: EM131959302

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