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Jack is 40 Has income of 120k Calculates a war of 66.67% (Use 2/3rds) Plans on retiring at 65 Expects to live to 85 Has

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Jack is 40 Has income of 120k Calculates a war of 66.67% (Use 2/3rds) Plans on retiring at 65 Expects to live to 85 Has 50k in current savings Invests 100% in the stock market Once retired plans on investing 50% stocks and 50% bonds B) Saving while working Jill 1) How much should Jill's original 50,000 have grown into when he is 50 ? 2) How much should Jill's annual savings from E1 have grown into when he is 50 ? (Make sure to use the annuity equation and not just a one time savings here) 3) How much should Jill's combined savings have grown into when he is 50 ? \{Just combined 1 and 2 directly above 4) How much should Jill's original 50,000 have grown into when he is 60 ? 5) How much should Jill's annual savings from E1 have grown into when he is 60 ? (Make sure to use the annuity equation and not just a one time savings here) 6) How much should Jill's combined savings have grown into when he is 60 ? [Just combined 1 and 2 directly above

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