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7. George, a financial planner, has determined that Dennis, his client,...

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Accounting

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7. George, a financial planner, has determined that Dennis, his client, needs $2 million at age 66 to retire by using an annuity model based on a retirement income of $150,337.75 per year for 24 years to age 90. If the earnings rate was 10% and the inflation rate was 3%, what additional amount would be needed at age 66 to provide a capital preservation model solution

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