Retirement Example 2 (Uniform Gradient Present Worth)

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Retirement Example 2 (Uniform Gradient Present Worth) John is trying to figure out how much money he’ll need when he retires. If he retires at the age of 65, he can expect to live 20 more years. How much must John have saved up by Age 65
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Unformatted text preview: in order to have a retirement income of $50,000 the 1 st year and rising $2000/year after that? Assume Johns retirement funds are invested in several stock and bond mutual funds with an average return of 4% per year....
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