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CRPC Practice Exam #2 2024 exam 58 questions and correct verified answers 100% pass solution /already $21.49   Add to cart

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CRPC Practice Exam #2 2024 exam 58 questions and correct verified answers 100% pass solution /already

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CRPC Practice Exam #2 2024 exam 58 questions and correct verified answers 100% pass solution /already CRPC Practice Exam #2 2024 exam 58 questions and correct verified answers 100% pass solution /already CRPC Practice Exam #2 2024 exam 58 questions and correct verified answers 100% pass solu...

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  • April 22, 2024
  • 14
  • 2023/2024
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By: DrReiss • 3 months ago

This made me pass my test ,,,,,,i appreciate the document

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CRPC Practice Exam #2 2024 exam 58 questions
and correct verified answers 100% pass solution
/already

Richard wants to have an annual retirement income of $100,000
(payable at the beginning of each year) protected against 3% inflation.


Assuming a 7% after-tax rate of return and a retirement period of 30
years, how much money does Richard need in order to meet his goal?


Explain how you need to input this on the calculator and why. -
ANSWER--Step One - Set the calculator to BEGIN.


Step Two - Calculate the inflation adjusted rate of return (One plus the
Rate of Return divided by One plus the interest rate, minus one,
multiplied by 100 = the inflation adjusted rate of return) Put this number
in the I/YR


Step Three - 100,000 goes in as a PMT


Step Four - 30 goes in as N


Step Five -Press PV


Richard needs $1,822,042.88 in today's dollars to meet his needs.

, CRPC Practice Exam #2 2024 exam 58 questions
and correct verified answers 100% pass solution
/already

How do you calculate the inflation-adjusted rate of return? - ANSWER--
1 plus the Rate of Return


Divided by


1 plus the interest rate


minus one


multiplied by 100


Tom has been promised a stream of $40,000 annual payments at the end
of each year for 25 years. The present value of these payments
discounted at a rate of 5% is which one of the following amounts? -
ANSWER--Step One - The problem says END in it so you have to set
your calculator to the END mode.


Step two - Enter the $40000 as a PMT


Step Three - Enter 25 as the N.


Step Four - Enter 5 as the I/R

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