Hengxi has calculated that he needs $105,000 his first year of retirement to maintain his standard of
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Hengxi has calculated that he needs $105,000 his first year of retirement to maintain his standard of living. He expects to receive $3,500 per month from his employer defined-benefit pension and $1,000 per month from Social Security. What is his annual retirement income shortfall?
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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