David would like to retire at the end of the year when he turns 65. He estimates
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- David would like to retire at the end of the year when he turns 65. He estimates he would need enough in his super fund to provide around $35,000 per year after tax to live comfortably. He is expecting to live until age 85. The current interest rate is 5% and CPI is 2%. How much does he need to have in his find to provide for his retirement?
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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