Question: Chapter 5 Hw Help Save & Exit Submit 7 Problem 5-43 Retirement Savings (LO3) 10 You believe you will need to have saved $477000 by

Chapter 5 Hw Help Save & Exit Submit 7 Problem 5-43 Retirement Savings (LO3) 10 You believe you will need to have saved $477000 by the time you retire in 40 years in order to live comfortably. You also believe that you will inherit $114,000 in 10 years. (Do not round intermediate calculations. Round your answers to 2 decimal places.) ot0228) If the interest rate is 5% per year, what is the future value of your inheritance at retirement? Hint Print References How much additional money must you save to meet your retirement goal, assuming you save your enture inheritance?

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