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Business, 20.11.2020 14:00 Jasten

A worker wants to set aside some money for retirement, hoping to live off the interest income. If the interest rate is 10% and the worker wishes to draw interest of $50,000 per year, how much should the worker save before retirement? a) 50,000,000 b) 1,000,000 c) 10,000,000 d) 500,000

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A worker wants to set aside some money for retirement, hoping to live off the interest income. If th...
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