Question: Question 7 A 45 years old, earns $85.000 annually, and hopes to retire at 65 with a 70% wage replacement ratio. She expects her Investments

 Question 7 A 45 years old, earns $85.000 annually, and hopes

Question 7 A 45 years old, earns $85.000 annually, and hopes to retire at 65 with a 70% wage replacement ratio. She expects her Investments to cam 9 percent with inflation estimated to remain at 3 percent. The present value of her annual Social Security benet is $12.000 and she would like a plan to fund her retirement to age 90. This is a 2-part question Part 1 What is the annual amount she would like in retirement? Please enter your answer in dollars and cents in the following form: Three dollars and seventy-five cents (53.75) should be entered as 3.75. Please do not include the "S" sign

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!