Posted by **Tina** on Monday, May 7, 2012 at 8:18pm.

You are 40 years old and have a salary of $50,000 per year. When you retire at age 66, you want to have a salary that has the same buying power as the one you currently have. If you estimate that the inflation rate will be 1.25% per year, what will your final salary need to be?

## Answer this Question

## Related Questions

- Math - Every employee's salary at the Sunrise Software Company increases each ...
- Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...
- Finance - You are now 30 years old. You plan to retire in 30 years, and expect ...
- math - It is important for Bob to have a gross salary in his fifth year of at ...
- Finance - A job pays a salary of 35,000 the first year. During the next 10 years...
- corporate finance - 1)You have just turned 30 years old, have just received your...
- corporate finance - Suppose that you are now in your final semester of your MBA ...
- algebra - mei salary starts at 16,000 per year with annual raises or 1,500. ...
- Math - Mei's salary starts at $16,000 per year with annual raises of $1500. ...
- statistics - According to Advertising Age, the average base salary for women ...

More Related Questions