Question: By using the purchasing power preservation approach, calculate the additional capital needed at retirement to maintain purchasing power for the Monteros . Assuming that they

By using the purchasing power preservation approach, calculate the additional capital needed at retirement to maintain purchasing power for the Monteros

.

Assuming that they need $

4, 140, 965

at retirement.

Assume a

9.45 %

investment rate of return.

Gabriella and Diego Montero are both

45

and plan to retire at

65

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