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You believe that if you retired today, you would need a portfolio value of $1,500,000. However, you plan to retire in 35 years and you
- You believe that if you retired today, you would need a portfolio value of $1,500,000. However, you plan to retire in 35 years and you think the cost of living (living expenses) will increase by 3% per year.
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- What is the portfolio value needed in 35 years if you want to retire at the same standard of living?
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- Based on the amount in part a, how much do you have to invest annually at a rate of 7% to reach your retirement goal?
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Financial Issues In Emerging Economies
Authors: Rita Biswas , Michael Michaelides
1st Edition
183867960X, 1838679618, 9781838679606, 9781838679613
