When provided the following data points, how do I determine: the amount needed in total for25years of
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When provided the following data points, how do I determine: the amount needed in total for 25 years of retirement, and If I start making deposits in one year and make the last deposit on the day I retire, what amount must be deposited annually to be able to make the desired withdrawals at retirement?
Years until retirement: 30
Amount to withdraw each year: $ 95,000
Years to withdraw in retirement: 25
Interest rate: 8.0%
Inflation rate: 2.0%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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