Retirement Example 1 (Uniform Series Present Worth)

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Retirement Example 1 (Uniform Series Present Worth) John is trying to figure out how much money he’ll need when he retires. If he retires at the age of 65, he can expect to live 20 more years. How much must John have saved up by Age 65
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Unformatted text preview: in order to have a retirement income of $50,000 per year for the next 20 years? Assume John’s retirement funds are invested in several stock and bond mutual funds with an average return of 4% per year....
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