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What would required rate of return be on retirement account

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Problem 1: In 16 years you want to have an annuity that pays $28,817 per quarter for 20 years out of your retirement account. Your monthly salary is $10,898 and you plan to deposit 36% of it into your retirement account. What would the required rate of return be on the retirement account in order for you to reach your goal?

Reference no: EM132949841

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