I use the following formula calculating the expected liability
1) Retrospective method, [(a due @age 65 -1) * 1.06] * 6720 = 64,108.8, or
2) Prospective method, p65 * a due 66 = 64,108
What is wrong with my logic?
Thanks,
1) Retrospective method, [(a due @age 65 -1) * 1.06] * 6720 = 64,108.8, or
2) Prospective method, p65 * a due 66 = 64,108
What is wrong with my logic?
Thanks,
Q173 - David's EA 2F 2014 Manual
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