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Rate of return on the retirement account

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Reference no: EM133074392

You plan on retiring in 15 years. You need $4,000 per month to live after you retire. You have average life expentency of 15 years after your retirement. How much you need to be saving every month for next 14 years. Suppose the rate of return on the retirement account is 8%.

Reference no: EM133074392

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