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2. Juan will be retiring 35 years from now and would like to have the same amount of income that he currently lives on. Juan

2. Juan will be retiring 35 years from now and would like to have the same amount of income that he currently lives on. Juan currently makes $85,000 a year and inflation is expected to grow at 2% a year for the next 35 years. How much annual income will Juan need after inflation?

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