a) how much savings would Bilbo have in year 25 (t=25)?  b) how much at most would Bilbo’s inheritance be in year 50 (t=50)?  no excel please

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Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.