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What is the future value of your inheritance at retirement

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Reference no: EM133091879

Question - You believe you will need to have saved $428,000 by the time you retire in 30 years in order to live comfortably. You also believe that you will inherit $103,000 in 5 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: EM133091879

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