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Using the information below, answer the questions below: Annual Retirement Income Need Years until Retirement Years in Retirement Rate of Return before Retirement Rate of
Using the information below, answer the questions below: Annual Retirement Income Need Years until Retirement Years in Retirement Rate of Return before Retirement Rate of Return during Retirement 150,000 30 35 8.00% 5.00% a) Calculate the amount of savings required at retirment to be able to fund the $150,000 annual income. b) Calculate the single investment required to be made today to be able to achieve the fund required from problem a) above c) Calculate the equal annual investment (deposits) required to be made to be able to achieve the fund required from problem a) above Using the information below, answer the questions below: Annual Retirement Income Need Years until Retirement Years in Retirement Rate of Return before Retirement Rate of Return during Retirement 150,000 30 35 8.00% 5.00% a) Calculate the amount of savings required at retirment to be able to fund the $150,000 annual income. b) Calculate the single investment required to be made today to be able to achieve the fund required from problem a) above c) Calculate the equal annual investment (deposits) required to be made to be able to achieve the fund required from problem a) above
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