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Question 12 Multiple Choice Worth 4 points)

(Planning for Retirement LC)
A software developer's current annual gross wage is $93,400. For retirement, the developer wants to have enough saved to live off
80% of the current annual gross wage and draw 4% the first year. What is the total amount the developer will need in retirement
savings to meet their retirement income goal?
O$1,868,000
O$1,688,000
O$1,088,600
P
O$1,068,800

1 Answer

2 votes

Answer:it is 1,088,600

Step-by-step explanation:i took the quizz

User Leo Lerdorf
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