hard · Certified Financial Planner Tax Planning
Marguerite Okonjo, age 61, is calculating her capital needs for a 28-year retirement starting at age 65. She expects a portfolio-funded gap of 114,199 in today's dollars, a 5.5% nominal return, and 3% inflation.
Using the inflation-adjusted rate i' = (1+r)/(1+inf) - 1, what is the capital required at age 65 to fund this as an annuity due?
- 2,356,863
- 4,704,236
- 2,300,997
- 3,197,572
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