A 2 6 year - old person plans to have $ 1 , 5 5 0 ,

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Question:

26

year

-

old person plans to have $

1, 550, 000

in retirement savings at age

64 .

The person currently has $

12, 000

in savings and plans on earning

7 % /

year on all savings. How much will the person have to save per year to have the desired amount at

64 ?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 19, 2024 06:12 AM

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A 2 6 year - old person plans to have $ 1 , 5 5 0 ,

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Heres how to calculate how much the person needs to save per year 1 Define Variables Current age t0 ... View the full answer

Income Tax Fundamentals 2013

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