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Your Buyer's details are below: Name Buyer 22 Age 19 Income (pa) $ 37,000 Income Growth (pa) 5.20% Retirement age 65 Income Tax (pa) 20%

Your Buyer's details are below:
Name Buyer 22
Age 19
Income (pa) $ 37,000
Income Growth (pa) 5.20%
Retirement age 65
Income Tax (pa) 20%
Inflation (pa) 1.20%
Savings @ start $ 22,000

1. Complete the Income Projection for 10 years in the table below

2. Based on the income in year 1 above, how much is the monthly after tax income of the buyer?

3. If the buyer is able to save 50% of their after tax take home income in year 1, how long would it have taken them to save the "Savings @ start" if they had a savings account paying 3.00%pa compounded monthly?

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