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What is the future value of your inheritance at retirement

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Question - You believe you will need to have saved $594,000 by the time you retire in 40 years in order to live comfortably. You also believe that you will inherit $106,000 in 10 years

If the interest rate is 6% per year, what is the future value of your inheritance at retirement?

How much additional money must you save to meet your retirement goal, assuming you save your entire inheritance?

Reference no: EM133070668

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