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2-3 You estimate you will need S1,200,000 to live comfortably when you retire. a. Assuming you will retire in 40 years, how much will you need to invest each year (in equal annual amounts) to reach your goal if your average annual return on investment is 10%? b. How much per year if your return is 2% per year?

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Answer #1

on Given at → es.tinate il need I,200,o00 -o liue ene, P( 40-1 $1,200,000.00 200,000 00Px 4-4 2593 P = $ 2,711.30 P(0-02)14 0 0 2 1,200,000.00 - PXh2

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