Wu Lina, age 26, is planning for retirement. Wu Lina's annual consumption expenditures are currently 30000. She assumes her consumption expenditures will increase with the rate of inflation, which she expects to average 3% until she retires at age 70. Given a life expectancy of 95 years and constant expenditures from her retirement, the amount Wu Lina must accumulate by her retirement date, assuming an 8% rate of return on her retirement account, is closest to:
Answer 1,176,000 | 
发表于 2009-10-4 19:09
| 