Lisa, 35, is thinking about investing for her retirement. She plans to retire when she turns 65.
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Lisa, 35, is thinking about investing for her retirement. She plans to retire when she turns 65. At that point, she will need $3.05 million in assets. She has calculated that inflation will average 2.40% during her life. If she can earn an average annual rate of return of 7.15%, what will be her real rate of return?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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