A shortfall of $12,000 has been estimated in the lump sum available upon retirement in 20 years.

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A shortfall of $12,000 has been estimated in the lump sum available upon retirement in 20 years. How much regular savings at the end of each year over the next 20 years is required to cover this shortfall assuming a rate of return of 6.5%?

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 28, 2023 08:15 AM

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A shortfall of $12,000 has been estimated in the lump sum available upon retirement in 20 years.

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Income Tax Fundamentals 2013

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