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Determine the value of the assets

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Question - Your retired client has accumulated investment and retirement assets totaling $7,023,000. Assume the client expects to live for another 29 years and that he assumes an annual inflation rate of 3.65 percent. To leave his heirs the future value of the $7,023,000 at the end of the 29 years, determine the value of the assets at that time would need to grow?

Reference no: EM133105438

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