When you retire you expect to live for another 30 years.During those 30 years you want to be able to withdraw $4,000 at the BEGINNING of every month 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) $545,133.98
B) $1,440,000.00
C) $548,768.20
D) $673,625.34
Correct Answer:
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