Jose age 25 currently saves 7000 per year in his retirement, Ask an Expert

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Jose, age 25, currently saves $7000 per year in his retirement account which is expected to earn 5% return. Jose is planning to retire at 62 and needs to fund his retirement upto age, 85. He has estimated that the annual amount needed during retirement would be $47,000 in today's dollar terms. The inflation rate is expected to be 1.5%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91944340

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