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Assume a Worker at Age 25 with Annual Earnings of $45,000

Question 1

Multiple Choice

Assume a worker at age 25 with annual earnings of $45,000 who wants to retire at age 65 and expects to live until age 75.How much would the worker consume annually?


A) $40,000
B) $36,000
C) $32,000
D) $30,000
E) $28,000

Correct Answer:

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