John Adams is the CEO of a nursing home in San Jose He is now 50 years old and plans to retire in 10 years He expects to live for 25 years after he retires that is until he is 85 He wants a fixed retirement income that has the same purchasing power at the time he retires as 40000 has today he realizes that the real value of his retirement income will decline year by year after he retires His retirement income will begin the day he retires 10 years from today and he will then get 24 additional an
