Assume that today is January 1, 2022, and that you just turned 25 years old....
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Assume that today is January 1, 2022, and that you just turned 25 years old. You plan to retire when you turn 65 years old. Beginning that day, you will take retirement draws of $71,571 at the beginning of each year. you expect to live a total of 18 years once you retire. Your money will continue to earn 10% during your retirement years. how much money will you need in your retirement account as of the day you retire?
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