How much will she leave for her estate

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Reference no: EM133210648

Question: Assume a world without inflation. Janice Lewisberg, 38, plans to retire at age 68. Her life expectancy is age 90. She wants to live a retirement lifestyle that will cost $35,000 per year, payable at the beginning of each year. She now has $20,000 in her investment account and plans to invest an equal amount annually for her retirement. The rate of interest that she expects to earn is 6%

A) if she dies at the age of 85, how much will she leave for her estate?

Reference no: EM133210648

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