Your client, Mr. Smith needs $100,000 per year in retirement, his age is 22 years...
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Your client, Mr. Smith needs $100,000 per year in retirement, his age is 22 years old and plans to retire at the age of 70. His funds generate an average return of 4%. Calculate the payments Mr. Smith needs to make into the fund before and at retirement in order to reach this goal. Calculate the PV of the benefits at retirement. I keep getting the wrong answer. Can someone please walk me through, step by step, I using a calculator.
Thank you
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Business Finance
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