E. Using an average inflation rate of 4% per year, what is the amount needed at the

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E. Using an average inflation rate of 4% per year, what is the amount needed at the time of "C" in order to buy the same amount as in part "D"?

Q/F. What's the Present value of your retirement income using a 7% growth rate increase? (Include $1,250 per month in Social Security).

Q/H. Using G, F, and 7%. how much must you save per month in order to meet your retirement goal?

A. Retirement Date - 1/1/50

B. Expected Death - 1/1/85

C. Middle of Retirement - Sunday, July 3rd, 2067

D. Money needed to spend per month $3000

G. Months you will save for retirement = 362

MONTHS UP UNTIL C = 150 MONTHS

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Posted Date: Oct 13, 2020 12:31 PM

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E. Using an average inflation rate of 4% per year, what is the amount needed at the

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