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You believe you will need to have saved $535,000 by the time you retire in 30 years in order to live comfortably. You also believe
You believe you will need to have saved $535,000 by the time you retire in 30 years in order to live comfortably. You also believe that you will inherit $101.000 in 5 years. (Do not round intermediate calculations. Round your answers to 2 decimal places.) If the interest rate is 7% per year, what is the future value of your inheritance at retirement? Future value How much additional money must you save to meet your retirement goal, assuming you save your enture inheritance? Additional savings
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