Question
You plan to have $130,000 in annual income during your retirement years. You plan to retire on your 65th birthday and receive your first retirement
You plan to have $130,000 in annual income during your retirement years. You plan to retire on your 65th birthday and receive your first retirement income payment on your 66th birthday. Each year you will get another retirement income payment until your 95th birthday. If you expect your retirement savings to earn 4%, how much money must you have saved up at retirement?
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
