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Considering inflation, Elsa is advised that she will need $4,500 a month for living expenseonce...

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Accounting

Considering inflation, Elsa is advised that she will need $4,500 a month for living expenseonce she is retired. She plans for her retirement savings to last 20 years, with the first withdrawal on the date of her retirement. How much will she need to have saved at the start of her retirement, if she invests at 5% compounded semi-annually. And how much will she need to contribute at the end of each month for 25 years to meet this new retirement goal with an initial investment of $40,000?

Question 5 options:

i only have this nothing else

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