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Done @ 37% Rodney, who is 35, has come to you for help in determining his financial needs in retirement Ile Mike to retire al
Done @ 37% Rodney, who is 35, has come to you for help in determining his financial needs in retirement Ile Mike to retire al age, and expects to live to age 100. His cro Income is 360.000 beforeta. He estimates he will need 80% of his current income annually while in retirement, Rodney expects Social Security benefit will be $16.000 per year is today's dollars. Inflation is expected to be Rodowy expects to make a 10% annual return on his investments How much must Rodney save at the end of each year, beginning now, to meet his retirement goal? Stupl. Determine the present value of annual income needed in retirement Step 2. latite the PV of the wal income needed in retirement to a FV. 3:34 PM Expert Q&A show work and explaination, please Step 3. Determine the PV of the real payments to be received while in retirement Step 4. Determine the mount of the annual payment required to meet the goal to fund retirement 6:21 7 Search tl H20 Check numbers $976,986,0329 $32,000 $9.934 0645 567.000 8937 Done @ 37% Rodney, who is 35, has come to you for help in determining his financial needs in retirement Ile Mike to retire al age, and expects to live to age 100. His cro Income is 360.000 beforeta. He estimates he will need 80% of his current income annually while in retirement, Rodney expects Social Security benefit will be $16.000 per year is today's dollars. Inflation is expected to be Rodowy expects to make a 10% annual return on his investments How much must Rodney save at the end of each year, beginning now, to meet his retirement goal? Stupl. Determine the present value of annual income needed in retirement Step 2. latite the PV of the wal income needed in retirement to a FV. 3:34 PM Expert Q&A show work and explaination, please Step 3. Determine the PV of the real payments to be received while in retirement Step 4. Determine the mount of the annual payment required to meet the goal to fund retirement 6:21 7 Search tl H20 Check numbers $976,986,0329 $32,000 $9.934 0645 567.000 8937
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