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Data table Data table Data table a. How much income, in today's dollars, will Anne-Marie and Yancy need in retirement assuming 70 percent replacement and
Data table Data table Data table a. How much income, in today's dollars, will Anne-Marie and Yancy need in retirement assuming 70 percent replacement and an additional $5,000 for the cruise? b. Assuming the 19 percent income tax estimate during retirement, wat is their tax-adjusted need from part a? c. Calculate their projected annual income shortfall in today's dollars. d. Determine, in dollars, the future value of the shortfall 35 years from now, assuming an inflation rate of 4 percent. e. Assuming a nominal rate of return of 11 percent and 30 years in retirement, calculate their necessary annual investment to reach their retirement goals. Click on the table icon to view the FVIF table. . Click on the table icon to view the PVIFA table. . Click on the table icon to view the FVIFA table b. Assuming the 19 percent income tax estimate during retirement, wat is their tax-adjusted need from part a? The tax-adjusted or gross need is $. (Round to the nearest cent.) c. Their projected annual income shortfall in today's dollars is : (Round to the nearest cent.) d. The future value of the shortfall 35 years from now, assuming an inflation rate of 4 percent is $ (Round to the nearest cent.) e. Assuming a nominal rate of return of 11 percent and 30 years in retirement, their necessary annual investment to reach their retirement goals is $. (Round to the nearest cent.)
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