When you retire you expect to live for another 30 years.During those 30 years you want to be able to withdraw $45,000 at the BEGINNING of each year for living expenses.How much money do you have to have in your retirement account to make this happen.Assume that you can earn 8% on your investments.
A) $1,350,000.00
B) $506,600.25
C) $547,128.27
D) $723,745.49
Correct Answer:
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