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How do you calculate the average gross replacement rate? Assume from age 18-22 earns $23,400, then from age 23 to 60 earns $100,000 p.a. From this, translate average wealth at retirement to retirement income by computing the consumption the member could achieve if he lives 25 years in retirement and the interest rate is 3% p.a.

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Financial Management, Finance

Category:- Financial Management
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