Required annuity payments Retirement income today $60,000 Years to retirement 10 Years of retirement 25 Inflation rate

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Required annuity payments

Retirement income today	$60,000
Years to retirement	10
Years of retirement	25
Inflation rate	5.00%
Savings	$100,000
Rate of return	8.00%

*Calculate value of savings in 10 years:*			Formulas
Savings at t = 10			#N/A

*Calculate value of fixed retirement income in 10 years:*
Retirement income at t = 10			#N/A

*Calculate value of 25 beginning-of-year retirement payments at t =10:*
Retirement payments at t = 10			#N/A

*Calculate net amount needed at t = 10:*
Value of retirement payments			#N/A
Value of savings			#N/A
Net amount needed			#N/A

*Calculate annual savings needed for next 10 years:*
Annual savings needed for retirement			#N/A

Related Book For answer-question

answer-question

Personal Finance An Integrated Planning Approach

Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

See More Books

Posted Date: Nov 03, 2022 01:19 AM

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