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1) you would like to retire in 37 years. The expected rate of inflation is 3.48% per year. You currently have a standard of living

1) you would like to retire in 37 years. The expected rate of inflation is 3.48% per year. You currently have a standard of living that requires $8496 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?

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