Question
Your retired client has accumulated investment and retirement assets totaling $8,458,000. Assume the client expects to live for another 27 years and that he assumes
Your retired client has accumulated investment and retirement assets totaling $8,458,000. Assume the client expects to live for another 27 years and that he assumes an annual inflation rate of 1.43 percent. To leave his heirs the future value of the $8,458,000 at the end of the 27 years, the value of the assets at that time would need to grow to $_____.
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
