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Your client needs $100,000 each year 18 years from now for a retirement period of 20 years.The rate of inflation is 4% compounded annually. He
Your client needs $100,000 each year 18 years from now for a retirement period of 20 years.The rate of inflation is 4% compounded annually. He will receive $36000 in social security each year during retirement . Ignore the rate of inflation beyond year 18 and ignore inflation for social security. How much the client needs each year adjusted for social securitt,during retirement and ignore tax
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