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In the video / textbook example, Jack and Marilyn had a calculated retirement income need of $ 5 0 , 5 3 3 in today's
In the videotextbook example, Jack and Marilyn had a calculated retirement income need of $ in today's dollars, which resulted in a retirement income need of $ in FUTURE DOLLARS in their first year of retirement, assuming an annual inflation rate of
What is their retirement income need in future dollars if the assumed inflation rate is changed to
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