A prospective clients current standard of living is $100,000 per year. This person plans to retire in

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A prospective client’s current standard of living is $100,000 per year. This person plans to retire in 15 years.

What will the client’s future standard of living be if the average annual inflation rate is 3.5 percent?

A. 154,896.17 B. 167,534.88 C. 169,453.09 D. 172,354.11

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 07, 2024 11:00 AM

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A prospective clients current standard of living is $100,000 per year. This person plans to retire in

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The correct answer is B 16753488 Heres how to calculate the future standard of living 1 Future value ...View the full answer

Essentials Of Personal Financial Planning

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