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Calculate the total wealth of your client upon retirement

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Question - Assume a client of yours in now forty five and plans to retire 10 years from now at age fifty-five .he plans to save 10000 year for the next three years and 18000 a year for the following seven years. Moreover your clients owns a piece of land currently valued at 150000, which is expected to appreciate in value 10%per year.

Disregarding taxes and assuming savings will appreciate at 12% compounded annually, calculate the total wealth of your client upon retirement (from savings and real estate.).

Reference no: EM132643039

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