Question

The Smiths save ​$42,000 per year for retirement. They are now in their middash–twenties, and they expect to have ​$2 million in​ today's dollars saved by the time​ they're in their​ mid-sixties. If their market interest rate is 5​% per​ year, inflation averages
2​% a​ year, and they save for 40 ​years, is their financial plan​ possible?

Discrete Compounding: 2% Compound Present To Find F To Find P To Find A To Find A 7

00-08775 8503-375 F0 Gi- 10000000000000000000 1 10000000000000000000 A4 7816 6 205 37886 2-78 30741 7383838 2604 001122 FvP98


Discrete Compounding: 2% Compound Present To Find F To Find P To Find A To Find A 7
00-08775 8503-375 F0 Gi- 10000000000000000000 1 10000000000000000000 A4 7816 6 205 37886 2-78 30741 7383838 2604 001122 FvP987 10665 0051 51204 3581 12345-689 2 F-To Gi- 1 24 1 1 1 22 2233 5 7 9 1-3 5803 40875278 978310-13579 433- 05653-11539-39 99-90603 0-1 2 3 4 5 6 7 8 9 0 N1 2 3 4 56789
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Answer #1

The answer for above problem is explained below.

Fuhre value CReal) 0 0.05 - 42,000 x 20.19 こキ5073590 , 518 ore tha&000,000 erefore Financial plas Posi ble a poce IWe 42,000

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