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Question 3 (1 point) Your retired client has accumulated investment and retirement assets totaling $9,414,000. Assume the client expects to live for another 19
Question 3 (1 point) Your retired client has accumulated investment and retirement assets totaling $9,414,000. Assume the client expects to live for another 19 years and that he assumes an annual inflation rate of 4.5 percent. To leave his heirs the future value of the $9,414,000 at the end of the 19 years, and maintain an inflation-adjusted lifestyle of $215,000 a year for all 19 years, the client's investments would have to earn an average of percent a year for the entire 19 years. Round the answer to two decimal places in percentage form. Please write your answer in "Your Answer" box. Write the % sign in the Units box. Your Answer:
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