What the client investments would have to earn an average of

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Problem 1: Your retired client has accumulated investment and retirement assets totaling $6,434,000. Assume the client expects to live for another 28 years and that he assumes an annual inflation rate of 2.4 percent. To leave his heirs the future value of the $6,434,000 at the end of the 28 years, and maintain an inflation-adjusted lifestyle of $287,000 a year for all 28 years, the client's investments would have to earn an average of ______ percent a year for the entire 28 years.

Reference no: EM132964424

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