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Abel and Cynthia are looking forward to retirement and hope to be able to retire when they are 6 7 . They would like to
Abel and Cynthia are looking forward to retirement and hope to be able to retire when they are They would like to maintain their current standard of living during retirement and plan to remain in their current house whichever your group decided during retirement. In order to maintain their standard of living, they estimate that they will need $ annually in todays dollars. They can also expect to receive an annual benefit from social security of $ in todays dollars. Given Abel and Cynthias health and family history, a conservative estimate for his life expectancy is years for both of them. Students are encouraged to address this problem with their TI BA Plus Financial Calculators. a What lump sum amount will Abel and Cynthia need at retirement in order to maintain their standard of living until age Assume that the Cantu are investigating an annuity contract with an insurance company that will promise a rate of return on their investments their postretirement return Assume that inflation averages Round all amounts to the nearest dollar
Abel and Cynthia are looking forward to retirement and hope to be able to retire when they are They would like to maintain their current standard of living during retirement and plan to remain in their current house whichever your group decided during retirement. In order to maintain their standard of living, they estimate that they will need $ annually in todays dollars. They can also expect to receive an annual benefit from social security of $ in todays dollars. Given Abel and Cynthias health and family history, a conservative estimate for his life expectancy is years for both of them. Students are encouraged to address this problem with their TI BA Plus Financial Calculators.
a What lump sum amount will Abel and Cynthia need at retirement in order to maintain their standard of living until age Assume that the Cantu are investigating an annuity contract with an insurance company that will promise a rate of return on their investments their postretirement return Assume that inflation averages Round all amounts to the nearest dollar
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