Answer to Question #18943 in Algebra for Mark

Question

David and Debra Pearson own a four bedroom home in an upscale neighborhood just north of Orem, Utah. David is a partner in the family owned commercial painting business. Debra stays home with their child, Brady, who is age 5. Until recently the Pearson’s have felt very comfortable with their financial position.

After visiting with Larry Sorenson, a financial planner, the couple became concerned that they were spending too much and not putting enough funds aside for both their child’s future educational needs and their own retirement. David earns $85,000 per year, but with the rising costs of education, their past contributions have left them short of their financial goals.

To estimate the amount of money the Pearson’s need to begin putting away for future security some general information was obtained by their financial planner. The couple felt that the amount of money they currently contribute for retirement through the company’s SEP IRA plan would be sufficient for their retirement needs. What they had

Answer 1

Dear visitor
Unfortunately, the statement of your question is a bit confusing.
What do you need to be done? Please, give us the details so we could help you