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I ONLY NEED HELP WITH PROBLEMS 3 & 4!!! ANSWERS TO 1 & 2 PROVIDED!!!!!!!!!
PLEASE SHOW WORK!!!!!!!
You go to a financial planning site to get some ideas.
The site asks you the following questions:
Age now: 21
Age at retirement: 50
Age want to receive retirement income until: 80
Investment rate: 12%
Inflation rate: 4%
Current year’s salary: $65,000
Amount you have already saved for retirement: $4,000
– Amount you want to leave to heirs: $50,000
ANSWER TO #1 & 2