principle of finance planning
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Anna, age 35, wants to retire at age 65. She earns $38,000. She has earned 7% on investments. Inflation is averaging 2%. She anticipates that her life expectancy will be 87. Her WWR is 90%. Her Social Security benefit will be $10,000. After she retires she expects her investments to earn 6%.
How much does Anna need to save, at month end, to accumulate the capital that she will need at retirement? Use annuity, capital preservation, and purchasing power preservation method.
11 years ago
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