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Steve is about to retire and wants to calculate the total worth of his retirement assets. He has a corporate pension paying $2250 at the

Steve is about to retire and wants to calculate the total worth of his retirement assets. He has a corporate pension paying $2250 at the beginning of every month. He is also entitled for Social Security benefits of $1450 at the beginning of every month. He also has a 401(k) plan with an accumulated balance of $480,000. The regular U.S. government bonds yield 5% and the government inflation-indexed bond provides a current return of 3.5% and their remaining life span is 20 years. 

Compute the combined worth of Steve's retirement assets. 

$1,034,568 

$1,112,452 

$1,073,099 

$1,065,197


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