1. Why do low interest rates mean that a lower-than-intended present value of retirement savings translates into...

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1. Why do low interest rates mean that a lower-than-intended present value of retirement savings translates into a smaller-than-expected future value?
2. If interest rates rise, could Ghelfi again consider retiring earlier? Explain.

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Economics Today The Macro View

ISBN: 9780133884876

18th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jan 09, 2017 10:13 AM

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1. Why do low interest rates mean that a lower-than-intended present value of retirement savings translates into...

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Economics Today The Macro View

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