Question: QUESTION 30 Step 2: Assume the current wage replacement need is $100,000, and not the amount calculated from step 1. What is their annual retirement

 QUESTION 30 Step 2: Assume the current wage replacement need is

QUESTION 30 Step 2: Assume the current wage replacement need is $100,000, and not the amount calculated from step 1. What is their annual retirement need when they start retirement 15 years from now? In other words how much will they need to withdraw from their retirement account each year to fund their retirement 15 years from now? Assume inflation averages 2.5% per year. a. $141,817 b. $144,830 O c. $137,472 d. $89.968 e. 5107,058

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