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krok68 [10]
3 years ago
8

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.
Business
1 answer:
Anon25 [30]3 years ago
8 0
The income percentage is 5%
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