Steve is about to retire and wants to calculate the total worth of his retirement...
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Steve is about to retire and wants to calculate the total worth of his retirement assets. He has a corporate pension paying $2250 at the beginning of every month. He is also entitled for Social Security benefits of $1450 at the beginning of every month. He also has a 401(k) plan with an accumulated balance of $480,000. The regular U.S. government bonds are yielding 5% and government inflation indexed bond provides a current retum of 3.5% and his remaining life span is 18 years. Compute the combined worth of Steve's retirement assets. $1,000,187 $1,066,941 O $1,026,438 $1,034,178
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