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Author Question: As you prepare your financial plan and revise it from year to year, it would be prudent to plan for ... (Read 306 times)

frankwu

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Question 1

Louie just got a big raise and wants to begin investing his excess cash flow. If he invests $7,500 per year for the next 30 years, and earns 5% on his investments, how much money will he have when he is nearing retirement?


◦ $385,567
◦ $500,000
◦ $498,291
◦ $$265,987

Question 2

As you prepare your financial plan and revise it from year to year, it would be prudent to plan for how much money it will take to


◦ buy your dream house and dream car.
◦ live out your retirement years in the same standard of living you had while working.
◦ retire at 45 years of age.
◦ You may find yourself planning for any or all of the objectives in these answers.


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Marked as best answer by frankwu on Apr 14, 2019

nhea

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nhea

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