Assume that Linda and Robert have a combined annual income of $91,500. Also assume that they...
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Assume that Linda and Robert have a combined annual income of $91,500. Also assume that they want to retire at age 67. If inflation-or the annual cost of living-increases by 3% per year, how much income will they need in retirement to maintain their current standard of living? (Round answer to 2 decimal places, eg. 52.75. Do not round intermediate calculations.) To maintain their current standard of living they need to earn $ Assume that Linda and Robert have a combined annual income of $91,500. Also assume that they want to retire at age 67. If inflation-or the annual cost of living-increases by 3% per year, how much income will they need in retirement to maintain their current standard of living? (Round answer to 2 decimal places, eg. 52.75. Do not round intermediate calculations.) To maintain their current standard of living they need to earn $
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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