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Gary and Linda assume they will need an additional $ 7 0 , 0 0 0 above their Social Security benefits at the beginning of

Gary and Linda assume they will need an additional $70,000 above their Social Security benefits at the beginning of each year in today's dollars when they retire in 6 years. The couple is assuming an annual inflation rate of 4% and a 7.5% after-tax return on all their investments. They are also assuming a 25-year retirement period. What is the total retirement fund they will need to support their retirement income goal?
A)
$1,068,484
B)
$1,531,221
C)
$1,481,367
D)
$1,176,121
A)
85%
B)
30%
C)
0%
D)
50%

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