What amount must you invest today

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Question: In planning for your retirement, you would like to withdraw $40,000 per year for 15 years. The first withdrawal will occur 20 years from today.

a. What amount must you invest today if your return is 10% per year?

b. What amount must you invest today if your return is 15% per year?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132041518

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