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nominal Use the following information to answer the questions below. Monthly Current Amount Needed in Today's dollars Years til retirement Years in retirement Current amount
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Use the following information to answer the questions below. Monthly Current Amount Needed in Today's dollars Years til retirement Years in retirement Current amount invested in Retirement Assets Yearly amount saved to invests Inflation rate Rate of return during retirement Rate of return during working years $5,000 25 years 25 years $225,000 $6,000 2.5% 7% 8% 1. Will this person have enough at retirement? Show me the steps and calculate the numbers for the steps to come to your conclusion. (5 Points) a. If not, what would you do to make sure there isn't a shortfall. Show numbers please. (5 Points) b. assume a 3% inflation rate and a 5% return during working years, will there be a shortfall and if so how long will he assets accumulated at Fetirement last. (2 Points) Use the following information to answer the questions below. Monthly Current Amount Needed in Today's dollars Years til retirement Years in retirement Current amount invested in Retirement Assets Yearly amount saved to invests Inflation rate Rate of return during retirement Rate of return during working years $5,000 25 years 25 years $225,000 $6,000 2.5% 7% 8% 1. Will this person have enough at retirement? Show me the steps and calculate the numbers for the steps to come to your conclusion. (5 Points) a. If not, what would you do to make sure there isn't a shortfall. Show numbers please. (5 Points) b. assume a 3% inflation rate and a 5% return during working years, will there be a shortfall and if so how long will he assets accumulated at Fetirement last. (2 Points) Step by Step Solution
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