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Question attached $50,000 per year budgte estimated for living estimate (1) a peroson needs an income stream for 30 years, (2) the long term
Question attached
$50,000 per year budgte estimated for living
estimate (1) a peroson needs an income stream for 30 years, (2) the long term inflation rate to be 5%, (3) you can earn an average of 8% p.a. on your investment.
What lump sum will I need before you can retire?
Attach spread sheets please