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Please show work! Ill leave a like! John and Mary are both 28 and newly married. They have come to you for a financial plan.
Please show work! Ill leave a like!
John and Mary are both 28 and newly married. They have come to you for a financial plan. They have already saved $76.400 in their retirement accounts and just purchased a new home. They would like to retire at age 67 , their full retirement age for 50cial Security. They believe they will need to accumulate $2,500,000.00 in retirement assets in order to retire comiortably. You hove recommended ai investmeat strategy earning a 9.0% return on an annualized basis. John and Mary would like to know how much they will need to save on a monthly basis in order to reach their goal of $2.5 million by age 67 . You should calculate how much they will need to save on a monthly basis if they invest at the besinning of the month and the end of the month. You need to show two sets of calculations for this problem. This problem is worth 10 points Step by Step Solution
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