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Explore the concepts of present value

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Explore the concepts of present value, future value, and rate of return. Â Let's say we have a client who wants to retire at the age of 40? Let's assume that they want to have financial resources to spend $100,000 to live on for 45 years (until they are 85), and during this time they can earn 4% on their funds. How much do they need to have saved by they time they are 40 in order to accomplish this?

Reference no: EM132438650

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