Question

Royce’s gross weekly pay is $760. How much does he need in savings before retirement to maintain his current way of life? $76,000 $182,400 $197,600 $395,200

Answer 1

hope it helps. 395,200

Explanation:

Answer 2

$395,200

Explanation:

Assuming he will live 10 years after his retirement, then paying $760 per week during ten years is computed as follows:

`savings = (\$760)/(week) * (52\, weeks)/(1\, year) * 10 \, years`

savings = $395,200