Solution-Bank today to begin retirement

Bank today to begin retirement

Reference no: EM131041741

Ed and Linda are near retirement. They expect to be in retirement for 25 years. Inflation is 4%, they need 47500 annually, and they are making 6.5% interest. How much do they need in the bank today to begin retirement.

Reference no: EM131041741

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Bank today to begin retirement : Ed and Linda are near retirement. They expect to be in retirement for 25 years. Inflation is 4%, they need 47500 annually, and they are making 6.5% interest. How much do they need in the bank today to begin retirement.

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Bank today to begin retirement

Reference no: EM131041741

Reference no: EM131041741

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