GradyZebrowski, age25, just graduated fromcollege, accepted his first job with a $51,000 salary, and is already looking forward to retirement in 40 years. He assumes a 2.4 percent inflation rate and plans to live in retirement for 20 years. He does not want to plan on any Social Security benefits. Assume Grady can earn a 6 percent rate of return on his investments prior to retirement and a 6 percent rate of return on his investmentspost-retirement to answer the following questions using your financial calculator.

How do I find the annual need today in dollars. I m confused

a. Grady's annual need intoday's dollars is $_____. (Round to the nearestdollar.)