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2) A well planned retirement 2. Given the following: Jill is 40 Has income of 120k Calculates a war of 66.67% (use 2/3 rds) Plans

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2) A well planned retirement 2. Given the following: Jill is 40 Has income of 120k Calculates a war of 66.67% (use 2/3 rds) Plans on retiring at 63 Expects to live to 87 Has 50K in current savings Invests 50% in the stock market Once retired plans on investing 100% bonds B) Saving while working Jill 1) How much should Jill's original 50,000 have grown into when he is 50 ? 2) How much should Jill's annual savings from E1 have grown into when he is 50 ? (Make sure to use the annuity equation and not just a one time savings here). 3) How much should Jill's combined savings have grown into when he is 50 ? (Just combined 1 and 2 directly above 4) How much should Jill's original 50,000 have grown into when he is 60 ? 5) How much should Jill's annual savings from E1 have grown into when he is 60 ? (Make sure to use the annuity equation and not just a one time savings here) 6) How much should Jilil's combined savings have grown into when he is 60? \{Just combined 1 and 2 directly above)

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