The couple buys two starbuck''s café lattes per day

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Reference no: EM13500284

5.1. A couple is told that to retire comfortably they will need to accumulate a nest egg of about $1 million dollars. Is this an insurmountable hurdle? How much would two people have to save per day starting at age 20 over a 45 year period to achieve this sum at age 65? Assume that the investment will earn 8% annually and that the couple buys two Starbuck's café lattes per day.

5.2. What would happen if at age 50 the couple needed to access $100,000 for an unforeseen emergency; how much would need to be saved in the last 15 years (assuming 8% annual return)?

Reference no: EM13500284

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The couple buys two starbuck''s café lattes per day : 5.1. A couple is told that to retire comfortably they will need to accumulate a nest egg of about $1 million dollars. Is this an insurmountable hurdle? How much would two people have to save per day starting at age 20 over a 45 year period to ..

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