Multiple Choice
Jeff believes he will need $60,000 annual income during retirement. If he can achieve a 6% return during retirement and believes he will live 20 years after retirement, how much does he need to save by the time he retires?
A) $724,055
B) $1,600,000
C) $688,200
D) $209,320
Correct Answer:
Verified
Correct Answer:
Verified
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