question 3

= Homework: 6-3 MyFinanceLab: Assignment: Module Six Homework Question 3, Problem 15-7 (similar to) HW Score: 9.6%, 4.8 of 50 points O Points: 0 of 7 Save Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 35 years and anticipate they will need funding for an additional 24 years. They determined that they would have a retirement income of $66,000 in today's dollars, but they would actually need $91,714 in retirement income to meet all of their objectives Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 4 percent inflation rate and a return of 12 percent. Click on the table icon to view the FVIF table Click on the table icon to view the PVIFA table e The total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a percent inflation rate and a return of 12 percent is $ (Round to the nearest cent) = Homework: 6-3 MyFinanceLab: Assignment: Module Six Homework Question 3, Problem 15-7 (similar to) HW Score: 9.6%, 4.8 of 50 points O Points: 0 of 7 Save Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 35 years and anticipate they will need funding for an additional 24 years. They determined that they would have a retirement income of $66,000 in today's dollars, but they would actually need $91,714 in retirement income to meet all of their objectives Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 4 percent inflation rate and a return of 12 percent. Click on the table icon to view the FVIF table Click on the table icon to view the PVIFA table e The total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a percent inflation rate and a return of 12 percent is $ (Round to the nearest cent)