Question: is it too blurry? if so i could post a better picture. please hurry, will upvote Question 25 2 pts Barry Cuda is planning on
Question 25 2 pts Barry Cuda is planning on retiring in 40 years and feels that his annual retirement benefit should be around $85.000 in today's dollars. Barry will assume an annual rate of inflation of 4%. Currently, Barry has $12.500 in an IRA which has been earning 8% Barry feels that his account should continueaming 8%. Barry plans on depositing 55.000 annually into this account. Barry also has $12.000 currently invested in the stock market Six years ago, Barry opened this account with $6.000. Barry also feels that this rate of growth should continue well into the future. In 20 years, a single sum of $300.000 will be given to Barry from a trust set up by his grandfather Barry plans to invest this money at 8%. If Barry plans on living for 30 years after his retirement how much in additional funds (earning 8%) will Barry need to deposit annually in order to reach his goal? Upon retirement all funds will earn 8% $1,367 $1.978 $4.979 $5.724 Question 25 2 pts Barry Cuda is planning on retiring in 40 years and feels that his annual retirement benefit should be around $85.000 in today's dollars. Barry will assume an annual rate of inflation of 4%. Currently, Barry has $12.500 in an IRA which has been earning 8% Barry feels that his account should continueaming 8%. Barry plans on depositing 55.000 annually into this account. Barry also has $12.000 currently invested in the stock market Six years ago, Barry opened this account with $6.000. Barry also feels that this rate of growth should continue well into the future. In 20 years, a single sum of $300.000 will be given to Barry from a trust set up by his grandfather Barry plans to invest this money at 8%. If Barry plans on living for 30 years after his retirement how much in additional funds (earning 8%) will Barry need to deposit annually in order to reach his goal? Upon retirement all funds will earn 8% $1,367 $1.978 $4.979 $5.724
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