Personal Financial Planning Retirement needs analysis Margie, age 41, currently earns $80,000. Her wage replacement ratio is determined to be 80%. She expects inflation will average 3% for her entire life expectancy. Margie expects to earn 10% on her investments and retire at age 62, living possibly to age 90. Her Social Security Benefit statement indicates her Social Security retirement benefit in today's dollars adjusted for early retirement is $12,000 per year. She will make retirement savings contributions at the end of each month. Requirement: 1. Calculate Margie's capital needed (Pure Annuity) at retirement at age 62 and her monthly savings needed to support an inflation-adjusted 80% wage replacement ratio (WRR). 2. Calculate Margie's capital needed under Capital Preservation Model. 3. Calculate Margie's capital needed under Purchasing Power Preservation Model. Personal Financial Planning Retirement needs analysis Margie, age 41, currently earns $80,000. Her wage replacement ratio is determined to be 80%. She expects inflation will average 3% for her entire life expectancy. Margie expects to earn 10% on her investments and retire at age 62, living possibly to age 90. Her Social Security Benefit statement indicates her Social Security retirement benefit in today's dollars adjusted for early retirement is $12,000 per year. She will make retirement savings contributions at the end of each month. Requirement: 1. Calculate Margie's capital needed (Pure Annuity) at retirement at age 62 and her monthly savings needed to support an inflation-adjusted 80% wage replacement ratio (WRR). 2. Calculate Margie's capital needed under Capital Preservation Model. 3. Calculate Margie's capital needed under Purchasing Power Preservation Model