Question: 9.47 PM Homework: H... Question 7. Problem 15.. HW Score: 83,56% 12.53 of 15 points Points: 0 of 1 Save Help Peter and Blair recently
9.47 PM Homework: H... Question 7. Problem 15.. HW Score: 83,56% 12.53 of 15 points Points: 0 of 1 Save Help Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 25 years and anticipate they will need funding for an additional 13 years. They determined that they would have a retirement income of 567.000 in today's dollars, but they would actually need $92 293 in retirement income to meet all of their objectives Calculate the total amount that Peter and Blak must save if they wish to completely find their income shortfall assuming a 3 percent inflation rate and a return of 9 percent. Click on the table icon to view the FVIF table Click on the table icon to view the PVIFA.tablem The total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 3 percent inflation rate and a rutun af 9 percent $ (Round to the nearest cont)
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