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Personal Finance and Investing

Sushi_lover

(1,430 posts)

3. you're right

Reply to A HERETIC I AM (Reply #1)

Wed Jun 27, 2012, 05:38 PM

Jun 2012

That retirement annuity has a FV. (part A)

You'd solve for PMT in a FV calculation to figure out how much to salt away. (part B)

One level deeper: To get part A complete, you'd actually do a PV calculation based on the retirement year.

Disclaimer: I passed the CFP exam but ha, I never felt confident with that problem, no matter how many times I practiced it.

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Can anyone answer this question? [View all] ohheckyeah Jun 2012 OP

Seems to me it's 'B'.... A HERETIC I AM Jun 2012 #1

Thank you - that ohheckyeah Jun 2012 #2

you're right Sushi_lover Jun 2012 #3