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Jill is 40 Has income of 120k Calculates a war of 66.67% (use 2/3rds) Plans on retiring at 63 Expects to live to 87
Jill is 40 Has income of 120k Calculates a war of 66.67% (use 2/3rds) Plans on retiring at 63 Expects to live to 87 Has 50k in current savings Invests 50% in the stock market Once retired plans on investing 100% bonds 1) How much savings should Jill have left when 70? 2) How much savings should Jill have left when 75? 3) How much Savings should Jill have left when 80?
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To calculate how much savings Jill should have left at different ages we can follow these steps 1 Calculate how many years Jill will be in retirement from age 63 to age 87 2 Determine her annual expen...
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Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With Spreadsheets
Authors: Frederick S. Hillier, Mark S. Hillier
7th Edition
1260716295, 9781260716290
