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2. Jessica and Jack want to retire today and plan on living for 25 years in retirement. Approximately how much do they need to have

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2. Jessica and Jack want to retire today and plan on living for 25 years in retirement. Approximately how much do they need to have in their retirement account if they need $50,000 in today's buying power and they assume they will earn 6% per year and inflation will be 4% per year? na (A) (B) (C) (D) $678,000 $769,000 $985,000 $1,004,000

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