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Posted: January 6th, 2024
Missouri State-FIN 381-You retire today with $850,000 in savings for retirement.
You retire today with $850,000 in savings for retirement. Your investment rate of return = 6%, and yourexpected inflation rate = 3.5%. If you expect to live 20 years in retirement, how much REAL payment can you withdraw each year?A.$52,815B.$54,091C.$53,195D.$54,525
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