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Your retired client has accumulated investment and retirement assets totaling $7,266,000. Assume the client expects to live for another 24 years and that he assumes
Your retired client has accumulated investment and retirement assets totaling $7,266,000. Assume the client expects to live for another 24 years and that he assumes an annual inflation rate of 1.48 percent. To leave his heirs the future value of the $7,266,000 at the end of the 24 years, the value of the assets at that time would need to grow to $_____. (Please write your answer in "Your Answer" box).
Round the answer to two decimal places.
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