Peter and Blair recently reviewed their future retirement income and expense projections.
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Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in
years and anticipate they will need funding for an additional
years. They determined that they would have a retirement income of $
in today's dollars, but they would actually need $
in retirement income to meet all of their objectives. Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a
percent inflation rate and a return of
percent. Click on the table icon to view the FVIF table LOADING...
.
Click on the table icon to view the PVIFA tableLOADING...
.
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