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Jennie Walters is planning to retire in 20 years. She would like to have an annual income of $50,000 in today's dollars. Assuming an average

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Jennie Walters is planning to retire in 20 years. She would like to have an annual income of $50,000 in today's dollars. Assuming an average annual inflation rate of 1.94%, calculate the amount of annual income needed in inflation adjusted dollars. Multiple Choice $66,702.09 $66,085.34 S72.99717 $73,428.15

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