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Mathematics for Data and Financial Literacy
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Question 2
2
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Multiple Choice
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Question 2 • Mathematics for Data and Financial Literacy
Emely earns $57,600 per year and wants to retire with 90% of her preretirement income. Based on the 4% rule, how much should Emely save by the time she retires to meet this goal?
Answer
A
51 dollars comma 840
B
129 dollars comma 600
C
1 dollars comma 296 comma 000
D
518 dollars comma 400
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