A) about how much longer can she expect her money to last? B) what options might she consider in order to extend that time? complete)This TRefer to the comparison line graph which shows how the net worth of Claire Kozar'sretirement savings will change under certain assumptions as she gets older and asshe withdraws living expenses from savings. Suppose Claire has $400,000 at age60, retires at 60, reaches age 70, in good health, and that the average annual returnhas proved to be 2%.Retirement Savings Net WorthAverage annual return on savings$800,000Value atS600,000age 60:S400,0008%$400,0005%$200,0002%60657075808590Age(a) About how much longer can she expect her money to last?She can expect her money to last for about years.(b) What options might she consider in order to extend that time?O A. She can cut down on her expenses or opt for a retirement savings scheme with a higher percentage of returns.O B. She can opt for a retirement savings scheme with a lower percentage of returns.C. She can start spending her money lavishly.Click to select your answer(s).1-24 of 24

Name: A) about how much longer can she expect her money to last? B) what opt
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: A) about how much longer can she expect her money to last? B) what options might she consider in order to extend that time? complete)This TRefer to the comparison line graph which shows how the net worth of Claire Kozar'sretirement savings will chang