Your client is 20 years old; and she wants to begin saving for retirement, with...
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Your client is 20 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $10,000 per year; and you advise her to invest it in the stock market, which you expect to provide an average return of 14% in the future. She will retire at age 65. She expects to live for 25 years after she retires at 65 . If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement? $18,000$142,440$3,636,791$3,769,231
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