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05. Video Lesson - Time Value of Money anty STEP: 3 of 3 Now it's time for you to practice what you've learned Suppose that Kenji is 40 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now. He can save $12,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 8.00% return. Assume that this rate will be constant for the rest of his's life. Kenji would like to calculate how much money he will have at age 60 Using a financial calculator yields a future value of this ordinary annuity to be approximately at age 60 Kenji would now like to calculate how much money he will have at age 65. Using a financial calculator yields a future value of this ordinary annuity to be approximately at age 65. Kenji expects to live for another 30 years If he retires at age 60, with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Kenji can withdraw at the end of each year after retirement (assuming retirement at age 60), assuming a fixed withdrawal each year and $0 remaining at the end of his life. Kenji expects to live for another 25 years if he retires at age 65, with the same expected percent return on investments in the stock market. Using a financial calculator, you can calculate that Kenji can withdraw a fixed withdrawal each year and $0 remaining at the end of his life. at the end of each year after retirement at age 65, assuming TOTAL SCORE: 8.08/15 Grade Frases

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