Charles plans on mering in 15 years at age 62 and expects to live 20...
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Charles plans on mering in 15 years at age 62 and expects to live 20 years in retrement. His cument income is $100,000 per yesr and his Social Securly Estimate or genefis curenty proects a monthly retirement benefit of $2,300 per month at ful retirenwet age. Chariot would ilwe to retire with a wage roplacement rato of 8046 in todrys dolars. He expecta his income 40 gow by 4 K per assumptions, what is Charies's propected income need to be provided from invented assets in eve frst yeor of fetroment? A) $180.094 B) 5106.920 C) 5118.0ara D) 1182,404
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