€ 26.99

CRPC ACTUAL EXAM 2024 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY PASSEDGRADED A+

CRPC ACTUAL EXAM 2024 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY PASSEDGRADED A+

CRPC ACTUAL EXAM 2024 QUESTIONS
AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY PASSEDGRADED A+
Which of the following are correct statements about income
replacement percentages?
I.Income replacement percentages are typically much higher for
those with higher preretirement incomes.
II.Income replacement percentages vary between low-income and
high-income retirees.
III.Income replacement ratios should not be used as the only
basis for planning.
IV.Income replacement ratios are useful for younger clients as a
guide to their long-range planning and investing.
A)
I and IV
B)
I and II
C)
II and III
D)
II, III, and IV Correct Answer D
If Tom and Jenny want to save a fixed amount annually to
accumulate $2 million by their retirement date in 25 years (rather
than an amount that grows with inflation each year), what level
annual end-of-year savings amount will they need to deposit each
year, assuming their savings earn 7% annually?

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