Rudiyanto is 35 years old (in 2020) and has an annual income of IDR 400,000,000 a year. If Rudiyanto hopes to retire at the age of 70 with an annual income of IDR 500,000,000 in current rupiahs, assuming an inflation- adjusted interest rate of 4 percent and a life expectancy of 90, how much money will Rudiyanto need to prepare at the age of 70 (2055) in preparation for retirement?

Rudiyanto is 35 years old (in 2020) and has an annual income of IDR 400,000,000 a year. If Rudiyanto hopes to retire at the age of 70 with an annual income of IDR 500,000,000 in current rupiahs, assuming an inflation- adjusted interest rate of 4 percent and a life expectancy of 90, how much money will Rudiyanto need to prepare at the age of 70 (2055) in preparation for retirement?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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