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Donna, age 45, is self-employed and earns $70,000 annually. She is fairly settled in her lifestyle. She currently saves 15% of her gross income. Her
Donna, age 45, is self-employed and earns $70,000 annually. She is fairly settled in her lifestyle. She currently saves 15% of her gross income. Her mortgage payment (principal and interest) is fixed at $1,166.67 per month. She has scheduled her mortgage payments to cease at retirement. On the basis of the information given, what do you expect Donnas wage replacement ratio to be?
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