the fridt two images go together and are the tables for the i=7%the last two...
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the fridt two images go together and are the tables for the i=7%
the last two images are for i=2%
The Smiths save $46,000 per year for retirement. They are now in their mid thirties, and they expect to have $2 million in today's dollars saved by the time they're in their mid-sixties. If their market interest rate is 7% per year, Inflation averages 2% a year, and they save for 30 years, is their financial plan possible? Click the icon to view the interest and annuity table for discrete compounding when /- 7% por your Click the icon to view the interest and annuty table for discrete compounding when / 2% per year. The purchasing power in today's dollars of the Smith savings is $0 thousand (Round to wo decimal places) -
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