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Craig and Felisha (both age 25) want to retire when they are 60 years old. They anticipate needing $45,000 per year in today's dollars during

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Craig and Felisha (both age 25) want to retire when they are 60 years old. They anticipate needing $45,000 per year in today's dollars during retirement until age 90 . Craig and Felisha can earn a 12% rate of return and they expect inflation to be 4%. How much must they save each year to meet their retirement goal? $4,769 $5,136 $3,711 $5.002 Craig and Felisha (both age 25) want to retire when they are 60 years old. They anticipate needing $45,000 per year in today's dollars during retirement until age 90 . Craig and Felisha can earn a 12% rate of return and they expect inflation to be 4%. How much must they save each year to meet their retirement goal? $4,769 $5,136 $3,711 $5.002

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