Prepare for her financial needs after her retirement

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Reference no: EM131606746

Mary is planning for retirement. She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years following her retirement. Her financial advisor thinks she can earn 9% annually. How much does she need to invest each year to prepare for her financial needs after her retirement. ? PLEASE SHOW YOUR WORK.

Reference no: EM131606746

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