How much would he have to save each year to reach his goal

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jack is 48 years old and wants to achieve financial independence by the age 66. he estimates that he will need an additional $1000000 to reach his goal. His average after tax portfolio returns have been 7.5% and he expects this to continue. how much will jack have to save each year to reach his goal?

28029 answer the next question below

If jack in problem 26 also projects an average inflation rate of 3%, how much would he have to save each year to reach his goal?

Reference no: EM131957840

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