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Chapter 5 - Integrated Case Problem:Time Value of Money Problem 2. Determine the amount you must accumulate by age 65 to meet your retirement goal,

Chapter 5 - Integrated Case Problem:Time Value of Money

Problem 2. Determine the amount you must accumulate by age 65 to meet your retirement goal, assuming you invest in Common Stocks.What Excel formula do we use to solve the problem?

Avg Return on common stock:11%

Years of retirement15

Assets Remaining $1m

Inflation Adjustment$168,831.75

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