Business

28 March, 19:56

Jasmine is 53-years old and earns $115,000 a year. she saves 12% of her annual gross income for retirement. jasmine will pay off her mortgage by the time she retires. her monthly principal and interest payment is $1,950.21. calculate jasmine's wage replacement ratio using the top-down approach (round to the nearest %) and using pre-tax dollars. assume that she wants to maintain her lifestyle.

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