molly would like to spend $65,000 (inflation adjusted, in today's dollars) each year in retirement for 25 years (beginning of year). she believes she can earn a 7.5% rate of return pre-retirement, 6% during retirement, and inflation will be 3.5%. she has 40 years until he plans on retiring and she's already saved $10,000 towards her goal. how much is $65k worth at the time of retirement?
molly would like to spend $65,000 (inflation adjusted, in today's dollars) each year in retirement for 25 years (beginning of year). she believes she can earn a 7.5% rate of return pre-retirement, 6% during retirement, and inflation will be 3.5%. she has 40 years until he plans on retiring and she's already saved $10,000 towards her goal. how much is $65k worth at the time of retirement?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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molly would like to spend $65,000 (inflation adjusted, in today's dollars) each year in retirement for 25 years (beginning of year). she believes she can earn a 7.5%
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