Business, 28.07.2021 01:30 YoVeoAnime

You believe you must withdraw $12,000 per month during retirement. You plan to be retired for 30 years. Assuming your money will earn 4.5% during retirement and also assuming that you will not adjust your withdrawals for inflation, how much money will you need to have on hand on the day you retire, in order to fund your retirement? a. $1,756,245.98.
b. $1,321,788.32.
c. $12,133,524.55.
d. $2,368,333.91.

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