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Mr and Mrs

Question 182

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Mr. and Mrs. Rasuli would like to retire in 15 years at an annual income level that would be equivalent to $35,000 today. What is their retirement income goal if, in the meantime, the annual rate of inflation is:
a) 2%? b) 3%? c) 5%?

Correct Answer:

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a) $47,105...

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