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A client needs an annual retirement income of $ 0 0 , 0 0 0 per year in today's dollars. In performing a retirement needs
A client needs an annual retirement income of $ per year in today's dollars. In performing a
retirement needs analysis, the client wants you to assume a annual inflation rato, a after
tax return, and a year retirement period. The client plans to retire in years. What is the annual
payment needed at the end of each year to matet the client's retirement income goal using a level
payment savings approach if the client atreadsyas $ in their retirement accounts and
Social Security is assumed to provide $ear in today's dollars? The Social Security benefits
are assumed to be inflationadjusted throughout the elient's life.
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