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Marcia Stubern is planning for her golden years.

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Question

Marcia Stubern is planning for her golden years. She will retire in 20 years, at which time;she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years;following her retirement. Her financial advisor thinks she can earn 9% annually. How;much does she need to invest each year to prepare for her financial needs after her;retirement?

 

Paper#33549 | Written in 18-Jul-2015

Price : $27
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