Afford their retirement, A couple will retire in 30 years;

Afford their retirement

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Reference no: EM131012693

A couple will retire in 30 years; they plan to spend about $ 116,914 a year in retirement, which should last about 29 years. They believe that they can earn 8 percent interest on retirement savings. How much do they need to have saved in 30 years in order to afford their retirement?

Reference no: EM131012693

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