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I Only need the cash flow digram for this Retirement Problem The deliverable for this assignment should include 1) Calculations, 2) Explanations of the calculations,

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Retirement Problem The deliverable for this assignment should include 1) Calculations, 2) Explanations of the calculations, 3) on some of the strengths and weaknesses of the analysis At a minimum, develop a cash flow diagram for this problem to class on 8/2. We will use this as a basis for discussion. The diagram will be turned in The objective of this assignment is to determine how much you will need to invest in order to reach a retirement goal. Although this problem can be approached in many ways, we will use TVM concepts and TVM factors to estimate how much should be saved. For the purposes of this course, we will simplify some assumptions The basic assumptions are as follows: 0 Salary is $70,000 per year today Expected salary growth is 3.5% per year. Estimated investment return is 8% per year. Expected to work for 40 years before retiring. Want enough cash to live for 20 years after retiring. Want to have a first-year retirement salary equal to $50,000 adjusted for inflation, which will continue to increase with inflation. * Expect 3% per year inflation. .Assume end of year deposits, and your first retirement withdrawal is one year after your last deposit. Your objective is to determine the uniform amount you need to invest on an annual basis to ensure your retirement goal is precisely met (i.e., the balance of your investment account is zero after 60 years). An alternate objective is to determine how much you need to invest annually as a percentage of your salary to ensure your retirement goal is precisely met

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