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You’ve already done the work for this, see attachment. Using 18.3 can you answer these two… 1 answer below » You’ve already done the work for this, see attachment. Using 18.3 can you answer these two questions. You can use the same document I’m sending. b. What is the amount of the lump sum he will need at age 65 to meet his retirement needs? c. How much in additional savings will Frank need? Document Preview: 18.2
511334.24633073655
23
1
40000
37735.849056603773
24
2
41400
36845.852616589531
25
3
42849
35976.846658651091
26
4
44348.714999999997
35128.336124248941
27
5
45900.920024999992
3 View complete question » You’ve already done the work for this, see attachment. Using 18.3 can you answer these two questions. You can use the same document I’m sending. b. What is the amount of the lump sum he will need at age 65 to meet his retirement needs? c. How much in additional savings will Frank need? Document Preview: 18.2
511334.24633073655
23
1
40000
37735.849056603773
24
2
41400
36845.852616589531
25
3
42849
35976.846658651091
26
4
44348.714999999997
35128.336124248941
27
5
45900.920024999992
34299.837630752496
28
6
47507.452225874986
33490.879196064932
29
7
49170.213053780608
32700.999969742639
30
8
50891.170510662923
31929.749970456258
31
9
52672.361478536121
31176.689829643605
32
10
54515.894130284883
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11
56423.95042484485
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12
58398.788689714413
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13
60442.746293854412
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14
62558.242414139313
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64747.780898634184
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16
67013.953230086379
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19
74299.56782061074
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20
76900.052694332117
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21
79591.554538633733
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22
82377.258947485912
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1.0000000000000002E-2
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70349.138702422846
140000
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15000
70349.138702422846
55349.138702422846
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15600
70349.138702422846
54749.138702422846
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16224
70349.138702422846
54125.138702422846
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16872.96
70349.138702422846
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17547.878400000001
70349.138702422846
52801.26… Attachments: Q-Attachment…..docx Q-Attachment-….xlsx View less » Jul 29 2015 02:02 PM