You are starting to plan for your retirement, and want to analyze some different plans/ideas, shown below.Show
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You are starting to plan for your retirement, and want to analyze some different plans/ideas, shown below.Show all work and/or calculator inputs for full credit!(Note:part a) and b) are separate questions/scenarios)
- You'd like to have $1.9 million when you retire.If you make one deposit, exactly 38 years before you retire, and your return will be 8%, how much will you need to deposit?
- Now assume you want $2.5 million when you retire, and currently have $133,000 saved in your account.If you want to retire in 36 years, what return will you need to reach your target?
Related Book For
South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781285438290
18th Edition
Authors: James Smith, William Raabe, David Maloney, James Young
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