1 point\ You have 32 years until retirement. Your financial planner has created an investment plan that you hope will generate a retirement income of

$267,000

per year. You expect annual inflation to average

3%

between now and when you retire and you are wondering if this will be enough to live the kind of lifestyle you desire. How much will

$267,000

in 32 years purchase today in today's dollars? Do not round intermediate calcylations. Round your final answer to pennies.\ Type your answer...

You have 32 years until retirement. Your financial planner has created an investment plan that you hope will generate a retirement income of $267,000 per year. You expect annual inflation to average 3% between now and when you retire and you are wondering if this will be enough to live the kind of lifestyle you desire. How much will $267,000 in 32 years purchase today in today's dollars? Do not round intermediate calcylations. Round your final answer to pennies