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Suppose at Age 25 You Begin Putting $300 a Month

Question 53

Multiple Choice

Suppose at age 25 you begin putting $300 a month into a cookie jar until you retire at age 65. At age 65, you begin to withdraw $2000 a month out of the cookie jar. How long will this retirement fund last?


A) 72 months
B) 60 months
C) 48 months
D) 144 months

Correct Answer:

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