
Personal Finance (8th Edition) (What's New in Finance)
8th Edition
ISBN: 9780134730363
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 15, Problem 4DC2
Summary Introduction
To determine:
The recommendation for T & M to help them in control on expenses and safeguard the retirement lifestyle.
Introduction:
Annual saving is the amount kept aside by the individual that is used in the future as retirement benefit. As after the retirement the source of income is not the salary so the individual has to save annually for the future.
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