Rudiyanto is 35 years old (in 2020) and has an annual income of IDR 400,000,000 a year. If Rudiyanto hopes to retire at the age of 70 with an annual income of IDR 500,000,000 in current rupiahs, assuming an inflation- adjusted interest rate of 4 percent and a life expectancy of 90, how much money will Rudiyanto need to prepare at the age of 70 (2055) in preparation for retirement?
Rudiyanto is 35 years old (in 2020) and has an annual income of IDR 400,000,000 a year. If Rudiyanto hopes to retire at the age of 70 with an annual income of IDR 500,000,000 in current rupiahs, assuming an inflation- adjusted interest rate of 4 percent and a life expectancy of 90, how much money will Rudiyanto need to prepare at the age of 70 (2055) in preparation for 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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Rudiyanto is 35 years old (in 2020) and has an annual
income of IDR 400,000,000 a year. If Rudiyanto hopes to
retire at the age of 70 with an annual income of IDR 500,000,000 in current rupiahs, assuming an inflation- adjusted interest rate of 4 percent and a life expectancy of 90, how much money will Rudiyanto need to prepare at the age of 70 (2055) in preparation for retirement?
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