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

Answer:

$395,200

Step-by-step explanation:

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

$savings = \frac{\ 760}{week} \times \frac{52\, weeks}{1\, year} \times 10 \, years$

savings = $395,200

Answer 2

Answer:

hope it helps. 395,200

Step-by-step explanation: