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QUESTION 12 Q12. Mauve is 30 years old and is concemed about retirement. She wants to know how much she should save on an annual
QUESTION 12 "Q12. Mauve is 30 years old and is concemed about retirement. She wants to know how much she should save on an annual basis at the end of the year, assuming 1) She earns $65,000; 2) She wants to assume a 75% wage replac m ent ratio R) with SO Social Security. 3 Retirement bens at age 65, (4) Retirement will last 30 years, (5) Expected rivestment returns of 8% (6 Expected inflation of 4% DETERMINE THE ANNUAL FUNDING AMOUNT O "a $4T,791 O Tb $3,519,896 O "c. $20,427" O "d $1,200,471
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