You and your wife are making plans for retirement you plan, Financial Management

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You and your wife are making plans for retirement you plan

You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $80,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 15% annually.

What amount do you need in your retirement account the day you retire?

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Financial Management: You and your wife are making plans for retirement you plan

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