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Benjamin Boo, aged 47, draws an annual income of $120,000. It is projected that his wage growth rate is 3% per annum. Assuming a replacement
Benjamin Boo, aged 47, draws an annual income of $120,000. It is projected that his wage growth rate is 3% per annum. Assuming a replacement ratio of 70%, what is the estimated retirement income per annum for Benjamin if he plans to retire at age 60?
$123,357
$105,734
$130,869
$176,224
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