Question
A couple will retire in 40 years; they plan to spend about $39,000 a year in retirement, which should last about 20 years. They believe
A couple will retire in 40 years; they plan to spend about $39,000 a year in retirement, which should last about 20 years. They believe that they can earn 8% interest on retirement savings. How would the answer to part (a) change if the couple also realize that in 15 years they will need to spend $69,000 on their child's college education?
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
